Business Briefs 12 March 2019

12-Mar-2019 Intellasia | | 8:40 AM Print This Post

* PetroVietnam Power Corporation (POW) has won Government approval for the pre- feasibility study for the 1,300 MW Nhon Trach 3 and 1,760 MW Nhon Trach 4 projects. The two gas-fired power plants are expected to cost US$1.4 billion and come online in 2022 and 2023, respectively.

* Thang Long Urban Development and Construction Investment Company (TLD) has passed a plan to offer over 9.35 million shares to existing shareholders. The issuance ratio will be 1-for-2 and the share selling price is VND10,000.

* An Phat Plastic & Green Environment Company (AAA) has estimated its revenue at VND10 trillion this year. In January, AAA exported 9,100 tons of its products, up 137% year-on-year. AAA made over VND180 billion in consolidated net profit from its revenue of VND8 trillion in 2018, down 19.3% and up 96.8% against 2017, respectively.

* Tan Cang Logistics & Stevedoring Company (TCL) has announced March 15 as the record date for shareholders to receive a 2018 cash dividend of 18%. Payments will be made from April 5.

* Yang Xiao Dong, a board member of Tien Trung Technology Construction and Investment Company (TTZ), has registered to buy 500,000 TTZ shares from now to April 4. The investor is holding over 443,000 TIZ shares, or 5.86% of the total outstanding volume.

* Vinaconex Tourism Investment and Development Company (VCR) plans to issue three million shares with a face value of VND100,000 and a tenor of 24 months. VCR will apply a fixed interest rate of 11 % in the first year and in the next year it will be equal to the 12-month deposit rate.

* Thanh Thanh Brick Company (TIC) has chosen March 18 as the ex-dividend date to pay a 2018 cash dividend of 15% for shareholders. The payment is set for March 28.

* Ben Tre Pharmaceutical Company (DBT) targets its pre-tax profit at VND30.7 billion this year, up 15% from 2018. Its revenue is expected to reach VND725 billion, a 10% decline.


Category: Business, Vietnam

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