Business Briefs 11 March 2019

11-Mar-2019 Intellasia | | 8:28 AM Print This Post

* Sacombank (STB) has announced a credit package worth VND9 trillion for corporate customers at annual interest rates from 7%. The loans are available to trading and manufacturing firms in industries like plastic, seafood, rubber, animal feed, construction materials, consumer goods, pharmaceuticals, medical equipment, textiles and footwear. The credit program will run until June 30.

* Dat Xanh Group (DXG) will seek shareholder suggestions to issue nearly 77 million shares for dividend payment at a ratio of 22%. Besides, the property group will offer six million shares to employees at 1.72% and 87.4 million shares to existing shareholders at a 1-for-4 ratio and the selling price of VND1O,OOO. DXG will present the issuance plans at its upcoming 2019 annual general meeting.

* Military Bank (MBB) bought back over 47 million shares out of the total volume of over 108 million MBB shares registered for purchase from January 29 to February 27. The average buying price is nearly VND22,000.

* FLC Group (FLC) has proposed launching three investment projects in Ha Giang Province, including a spiritual and eco- tourism complex on Mo Neo Mountain, an eco-friendly residential area in the city of Ha Giang and Phong Quang resort complex in Vi Xuyen District.

* Duong Minh Lieu, a board member of Vidipha Central Pharmaceutical Company (VDP), will be buying 300,000 VDP shares from now to April 10, raising her holding to 4.3%.

* Central Pharmaceutical Company No.3 (DP3) has earned over VND65 billion from the sale of 850,000 shares via auction. Two investors have purchased the shares at the average winning price of VND76, 706, far higher than the initial price of VND10,706.

* Hanoi City-based pawn shop chain F88 and Mirae Asset Prevoir Life Insurance Company Ltd (MAP Life) have signed a cooperation agreement to distribute life insurance products. F88′shops will be the exclusive distribution channel for MAP Life. The cooperation aims to take advantages of each side’s strengths.

* VNT Holdings, a major shareholder of The Van Cargoes and Foreign Trade Logistics Company (VNT), has registered to buy over two million VNT shares from now to April 4. The investor has 600,000 shares at VNT, equivalent to a 5% stake.

 


Category: Business, Vietnam

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