Business Briefs 11 Dec 2018

11-Dec-2018 Intellasia | | 8:58 AM Print This Post

* Vietcombank (VCB) has announced the sale of shares equivalent to more than 1 % of the chartered capital of Military Bank (MBB) and Eximbank (EIB) to comply with Circular 36, which limits cross ownership among lenders at below 5%. From November 16 to ovember 30, VCB sold 23.7 million shares of MBB. It also sold around 35 million shares of EIB on December 4. After the above transactions, the remaining shares that VCB must sell as required by the circular number 29.7 million and 10.6 million shares in MBB and EIB, respectively. According to Viet Capital Securities Company, VCB may collect around TDl.l trillion from the sale of its shares in both lenders to 4.5%.

* Vincom Retail Company (VRE) has issued 427.7 million shares to raise its registered capital to VND23.3 trillion from the previous VND19 trillion. The new shares will not be restricted for transaction. In January to September this year, VRE’s net profit rose 15% year-on-year to VND1.7 trillion. Its revenue advanced 52% to VND6.1 trillion in the period.

* Saigon Cargo Services Company (SCS) will pay its first 2018 interim cash dividend ofVND3,500 a share, equivalent to a 2.3% dividend yield, on December 28. The record date will be December 19 and the ex-dividend date will be December 18.

* Thac Mo Hydro Power Company (TMP) will spend an estimated VND105 billion paying an interim dividend ofVNDl,500 per share for 2018 on the record date of December 19. The payment is set for December 28.

* Hai Phat Investment Company (HPX) will issue 27.5 million bonus shares for existing shareholders at a 15.94-for-100 ratio. The record date is December 21.

* IE Securities Company will issue a maximum of VND200 billion worth of one-year secured bonds in a private placement. The coupon, subject to adjustment every six months, will be not higher than 12% per annum. It will use the proceeds to fund its proprietary trading and margin lending activities.

* Nguyen Huu Dien, a board member of DNA Investment Company (KSD), has registered to buy over one million KSD shares. Dien is currently holding a 24.94% stake in the enterprise.


Category: Business, Vietnam

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