Business Briefs 10 Sep 2018

10-Sep-2018 Intellasia | | 4:17 PM Print This Post

* The Pan Group Company (PAN) has approved a plan to issue up to VNDl.14 trillion worth of bonds in a private placement in the third quarter of this year. The bonds are non-convertible and guaranteed. The papers carry a fixed coupon of 6.8 percent per year in maximum five years since the issuance date. According to Viet Capital Securities Company, PAN wanted to invest in the packaged foods operations of its member companies instead of pouring the capital into agricultural activities.

* Gia Phu Real Estate Investment and Trading Company failed to buy 612,000 shares ofSai GonMien Trung Beer Company (SMB) from August 9 to September 7 as earlier registered. The investor is now holding over 887,000 shares of the brewery company.

* Truong Giang Construction and Investment Company (TGG) ha decided to issue 25 million shares in a private placement for less than 100 investors to raise funds for its projects. After the issuance, the firm \ViII rai e its chartered capital to VND522 billion.

* COTANA Group Company (CSC) is seeking approval from it shareholders to issue 10 million shares for bonus giving at a l-for-I ratio on the record date of September 25. CSC plans to make the payment on October 10. The firm is also planning to issue 500,000 shares under an employee stock ownership plan (ESOP) at the price ofVND10,000 each.

* SAM Holdings Company has become a major shareholder at Dong Nai Plastic Company (D P) for acquiring over 6.7 million DNP shares to secure a 7.6 percent stake. The investor is expected to spend nearly VND 1 00 billion on the purchase. DNP share price is hovering at around VND15,500 a share, having plunged nearly 50 percent from its peak ofVND25,500 to VND13,000 per share in July.

* IntimexHoa Cam Concrete Company (HCC) has announced that it will pay a 2017 dividend in cash to its shareholders at 30%, equivalent to VND3,000 per share. The payment will be made on Octorber 18.


Category: Business, Vietnam

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