Business Briefs 12 Dec 2018

12-Dec-2018 Intellasia | | 8:57 AM Print This Post

* State-owned lender Agribank has announced to issue four million 10-year bonds worth a total ofVND4 trillion to the public. The coupon will be 1.1 percentage points higher than the average deposit rate for the 12-month term. The debt issue will help the lender improve its long-term capital and better customer services.

* Sun Holdings Company, an organization related to Nguyen Pham Anh Tai, a board member of LDG Investment Company (LDG), failed to sell six million LDG shares during the registered period from November 6 to December 5. The firm still owns over 9.4 million shares in LDG, or a 4.9% stake.

* KSH Investment and Development Company (KSH) has decided to transfer its entire 3.65 million shares at Tam Nguyen Investment Company at VND 10,000 each. It will also offer seven million shares of Sapa Resources Investment Company at the same price. The two deals are expected to be implemented within this month and help the firm raise a combined VND107 billion.

* Tran Tuc Ma, general director of Traphaco Company (TRA), will be buying 500,000 shares of the pharmaceutical firm from now to January 10, 2019. When complete, his stake in the company will rise to over 1.27 million shares, equivalent to around 3%.

* VietABank plans to issue 70 million shares for existing shareholders to spur its registered capital by VND700 billion to VND4.2 trillion. The issuance ratio will be 20-for-l00 while the selling price is estimated at VND1O,OOO, higher than the current share price ofVND4,OOO to VND4,200 on the over-the-counter market. The new shares will be available for transfer.

* LienVietPostBank (LPB) has chosen December 28 as the ex-dividend date to pay a 2017 share dividend at 5%. Besides, it will close its shareholder list to issue additional shares at a ratio of26.66%. The LPB share price is around VND9,800.

* Nguyen Thi Tham, general director of Hiep Khanh Tea Company (HKT), offloaded her entire 506,000 shares in the company, or an 8.25% stake, from November 30 to December 4. At the same time, Pham Vu Khanh, a board member of HKT, sold his 616,000 shares at HKT, or a 10% stake.


Category: Business, Vietnam

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