Business Briefs 10 December 2019

10-Dec-2019 Intellasia | | 9:26 AM Print This Post

* The Hanoi Stock Exchange will hold an auction of a 30% stake in Fafim Vietnam JSC held by State Capital Investment Corporation (SCIC) at a reserve price of VND21,500 per share on December 26. SCIC expects to generate VND62.4 billion from the sale of 2.9 million shares. Interested investors should place a deposit equivalent to 10% of the value of the shares from December 2 to 23. Last month, Ocean Hospitality & Service JSC, a subsidiary of Ocean Group JSC, announced to dive t its entire 21. 7% stake from Fafim Vietnam.

* Vo Hoang Vu, general director of Nam Kim Steel JSC (NKG), has bought 4.01 million NKG shares via order-matching and put-through transactions, increasing his ownership in NKG to 19.01 million shares, or 10.44%. Vu had earlier registered to buy five million NKG shares.

* The State Securities Commission has allowed PYI Reinsurance Corporation (PYI Re) to become a public company. PYI Re was established on July 20, 2011 with a mission of becoming a professional reinsurer known globally. The corporation expects to complete the listing of its shares on the Hanoi Stock Exchange this month.

* Kinh Bac City Development Share Holding Corporation (KBS) will get a VND100 billion unsecured loan from Vinatex-Tan Tao Investment Corporation to have more working capital. Interest payment will be made upon loan maturity.

* Kosy JSC (KOS has approved the dismissal of Nguyen Thi Mai from the post of KOS’ deputy general director of finance. The company’s board now consists of general director Nguyen Viet Cuong, five deputy general directors: Nguyen Due Diep, Nguyen Thi Phuong Thao, Do Quoc Viet, Nguyen Duc Doanh and Nguyen Tien Hoan, and director of finance Dang Thuy Anh.

* Vietnam National Chemical Group (Vinachem) has registered to auction more than 11.45 million shares ofDuc Giang Chemicals Group JSC (DGC) at a starting price of 49,100 per share. Vinachem expected to earn VND560 billion after the transaction. The auction was planned to take place on December 31 on the Hanoi Stock Exchange.

* Nguyen Thi Dung, deputy general director of Ocean Group JSC (OGC), has registered to purchase one million OGC shares from December 11,2019 to January 9, 2020, via put-through and order-matching transactions. At present, Dung holds no OGC shares.


Category: Business, Vietnam

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