Business Briefs 10 February 2020

10-Feb-2020 Intellasia | | 8:57 AM Print This Post

* Vicostone JSC (VCS) will spend VND320 billion (US 13.7 million) paying the third dividend of VND2,000 per share for 2019 on record as of Febuary 24. The payment is set for March 31. VCS’s consolidated net profit in 2019 was VND1.41 trillion on net revenue of VND5.56 trillion, up 25.56% and 23.02% year-on-year.

* Viettel Con truction JSC (CTR) said its consolidated net profit soared 41.2% year-on-year to VND56.35 billion (US$2.42 million) in the fourth quarter of 2019. CTR’s net revenue climbed 17.28% year-on-year to VND1.37 trillion while its gross profit surged 31.04% year-on-year to VND91.27 billion in the quarter. CTR made VND180.89 billion in consolidated net profit on net revenue of VND5.05 trillion in 2019, up 23.13% and 18% from a year earlier.

* FLC Mining Investment and Asset Management JSC (GAB) has decided to change its name into FLC Mining Investment and Asset Management JSC, and relocate its headquarters from the northern province of Thanh Hoa to Hanoi City. GAB looks to issue 55.2 million shares for its current shareholders at an exercise ratio of 1:4, which means those owning one share will get four rights, and with every right they will be entitled to buy one share, in the first quarter of this year.

* Nguyen Quang Hoa, board chairman of Thien Nam Trading Import Export Corporation (TNA), will be buying 2.5 million shares in the firm through matching and put-through transactions from February 10 to March 6. If successful, he would raise his stake in TNA to 19.83%, or more than 6.85 million shares.

* Vietnam Fumigation JSC (VFG) has chosen February 17 as the record date for its shareholders to receive a 2019 second-round dividend in cash at 10%. The firm will make the payment on March 3.

* Tam Hy Co., Ltd, a shareholder of Hoa Sen Group (HSG), offloaded more than 1.05 million HSG shares on February 4, thus reducing the number of its shares to 8,750 units.


Category: Business, Vietnam

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