Business Briefs 12 December 2019

12-Dec-2019 Intellasia | | 9:15 AM Print This Post

* VNDirect Securities Corporation (VND) will issue a maximum of VND200 billion worth of bonds via two placements on December 19 and 25. In each placement, a maximum of VND 100 billion worth of bonds will be offered to a maximum of 99 investors. The 10-year bonds with be issued to institutional investors with a coupon of 9.8% and individual investors with a rate of 9.69%.

* The Ministry of Transport has picked Vu Anh Tuan, former general director of Shipbuilding Industry Corporation (SBIC) and a member of the Northwest Steering Committee, as chairman of the SBIC’s members council from December 10.

* SCIC Investment One Member Co Ltd (SIC), a subsidiary of State Capital Investment Corporation, has registered to sell all its 1.79 million shares in Military Commercial Joint Stock Bank (MBB) from December 12 this year to January 10 next year.

* Thong Nhat JSC (BAX) will ask its shareholders for approval for a 2019 cash dividend payment plan of 50%.if the plan is approved, the payment is expected to be made in January next year, and BAX will spend VND65.6 billion paying a dividend of 80% for 2019.

* KOSY Joint Stock Company (KOS) has approved a plan to buy back VND235 billion worth of bonds before maturity. The three-year bonds were issued on December 28 last year.

* An Phat Holdings, a large shareholder of An Phat Bioplastics JSC (AAA), has bought more than 2.48 million AAA shares from November 6 to December 5 via put-through and order-matching transactions. After the transactions, An Phat Holdings has raised its holding in AAA to over 82.3 million shares, or 48.08%.

* Licogi 16 JSC (LCG) has promoted three directors to the post of deputy general director. Accordingly, Phi Ngoc Anh, Le Thi Phuong Nam and Tran Huu Phong, directors of construction, administration and economics-planning, have become deputy general directors in charge of their relevant fields. Thus, the LCG’s board currently consists of general director Tang Quoc Thuoc and three deputy general directors.


Category: Business, Vietnam

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