Business Briefs 12 Jul 2019

12-Jul-2019 Intellasia | | 8:19 AM Print This Post

* Dabaco Group (DBC) has received approval to move its 91.1 million shares to the Hochiminh Stock Exchange from the Hanoi Stock Exchange, In 2019, the firm aims for a pretax profit of VND405 billion on revenue of VND10A trillion, up 3% and 53% against last year, respectively. DBC also plans to pay a cash dividend of VND500 per share and a share dividend at the 10-for-l00 ratio for 2019.

* FECON Corporation (FCN) will spend VND57 billion paying a dividend of VND500 per share for 2018 on the ex-dividend date of July 15. The construction company will make the payment on August 18. The builder also plans to issue 5.7 million shares to pay a share dividend at a 5-for-100 ratio for 2018. The issue will help FCN raise its registered capital to VND1.9 trillion.

* KIDO Frozen Foods Company (KDF), among leading ice cream producers in Vietnam, will spend VND78A billion paying an interim dividend of VNDl,400 per share on the record date of July 25. The company will make the payment on August 8.

* Tran Dinh Long, chairman of Hoa Phat Group (HPG), has acquired over 5,5 million shares of the steel company to spur his ownership to 25,3%, equivalent to 700 million shares.

* Sao Ta Foods Company (FMC) said its revenue fell 3% year-on-year to US$73.3 million in the first half of this year. FMC’s processed shrimp output hit over 6,800 tons in the January-June period, up 6,7% year-on-year. In June, its revenue increased by US$2 million year-on-year to US$14.6 million

* Asia Commercial Bank (ACB) has got approval from the State Bank of Vietnam to issue more than 374 million shares to increase its charter capital by VND3.74 trillion to VND16.6 trillion. According to the proposed plan, ACB will use more than VND2 trillion of the total additional capital for lending, investment in government bonds, ensuring operational safety and supplementing medium and long-term capital The remaining VND1.7 trillion will be used to purchase more assets and equipment for its branches.


Category: Business, Vietnam

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