Business Briefs 12 Aug 2019

12-Aug-2019 Intellasia | | 9:25 AM Print This Post

* Vinacafe Bien Hoa Joint Stock Company (VCF) will close its shareholder list on August 19 for a 2018 cash dividend payment of 240%, or VND24,000 per share, according to the Vietnam Securities Depository. VCF will spend nearly VND638 billion on the payment with 26.58 million shares outstanding. The ex-dividend date will be August 16 and the payment will be made from August 30. Masan Beverage Co., Ltd is now VCF’s parent company, holding 98.49% of VCF, so it may receive VND628 billion in dividend. The company had earlier paid a 2017 cash dividend of a staggering 660%.

* First Real Joint Stock Company (FIR) has approved a VND199 billion contribution to establish Primo Real Estate Investment JSC. FIR will own 99.5% of the property firm.

* Apax Holdings Joint Stock Company (IBC) has acquire 7,400 square meters of land at 324 Minh Khai Street in Hanoi City’s Hai Ba Trung District from Terra Gold Vietnam JSC, and contributed 51 % of charter capital of a company which will operate Firbank Autralia International School to be built at the location.

* Ba Ria-Vung Tau House Development JSC (HDC) said that on August 7, it got a construction license for the first phase of the Light City project-from the Ba Ria-Vung Tau Department of Construction.

* The State Treasury of Vietnam raised more than VND1.85 trillion through G-bond auctions on the Hanoi Stock Exchange this week. Some VND2 trillion worth of G-bonds was offered, including VND1 trillion of lO-year bond and VND1 trillion of 15-year bond. However, seven bidders purchased 15-year bonds worth VND850 billion at an annual coupon of 4.68%, while 12 others participated in the lO-year bond auction, paying VND1trillion with a 4.42% coupon. Therefore, more than VND 139 trillion has been raised via G-bond auctions on the bourse so far this year.


Category: Business, Vietnam

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