Business Briefs 11 January 2019

11-Jan-2019 Intellasia | | 3:45 PM Print This Post

* Phuoc Hoa Rubber Company (PHR) made a pre-tax profit of VND622 billion in 2018, which beat the year’s target by 39.8%. Its revenue exceeded the year’s plan by9.8 percent to reach VND1.72 trillion in 2018. According to Viet Capital Securities Company, the firm said that the trade war between China and the U.S is negatively affecting its operations in particular and the rubber-growing industry in general. The trade war hurt the sales of latex and made the prices of rubber drop 20 percent against 2017. PHR sold over 31,600 tonnes of latex last year, which fulfilled 96.6 percent of the year’s target.

* A group of foreign organisations including Vietnam Enterprise Investments Limited, Hanoi Investments Holdings Limited, Wareham Group Limited and Saigon Investments Limited, acquired a combined 1.77 million shares of DatXanh Group (DXG) on December 28, 2018. The investors might have spent over VND42 billion on the purchase, thus raising their ownership at the property enterprise to 20%, or 70.15 million shares.

* Tien Giang Construction and Investment Company (THG) has announced January 21 as the record date for shareholders to receive a 2018 second round dividend in cash at 8%. It will make the payment from January 30.

* Truong Auto and Technique Company (HTL) has decided to pay a 2017 cash dividend for shareholders at 18%. The record date is February 15 and the payment date is March 15.

* Tran Thi Huong, vice chairwoman of Phat Oat Real Estate Development Company (PDR), will be buying 500,000 PDR shares from now to February 9 to spur her holding to 0.2%, or 524,000 shares.

* Son Ha Energy Development Company (SHE) has obtained approval to trade five million shares on the Hanoi Stock Exchange. The firm is capitalised at 050 billion, with 51.59 percent held by Son Ha International Company and 10 percent owned by VietinBank Fund Management Company.

* Thanh Oat Investment and Development Company (DTD) has acquired over 1.9 million shares, equivalent to a 19 percent stake, of Dong Van III Industrial Zon Infrastructure Investment and Development Company. The transaction was made via a public auction organised by the Hanoi Stock Exchange. Currently, DTD holds nearly 6.7 million shares at the enterprise, equal to a 65 percent stake.


Category: Business, Vietnam

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