Business Briefs 12 November 2018

12-Nov-2018 Intellasia | | 9:36 AM Print This Post

* Ba Ria-Vung Tau House Development Company (HDC) has cancelled a share sale plan for employees, explaining that the HDC share price has tumbled on the Hochiminh Stock Exchange. The enterprise will buy back five million shares as treasury shares in the first quarter of 2019 to stabilize its share price. HDC is expected to spend nearly VND70 billion on the purchase given the current share price ofVND13,900. In May, the company sought to buy back four million shares as treasury shares but only

475,000 hares were acquired.

* Everest Securities Company (EVS) has passed a plan to issue an additional 40 million shares at VNDlO.OOO, raising VND400 billion to supplement capital for its activities such as margin lending, proprietary trading and other financial services. After the issuance, EVS will spur its capital from VND600 billion to VNDI trillion.

* Quynh Phuc Trading and Production Company, a major shareholder of Thu Dau Mot Water Supply Company (TDM), has acquired one million TDM shares to raise its ownership to over 13 million shares, or a 16.1 % stake.

* Ba Ria Thermal Power Company (BTP) has announced November 12 a the ex-dividend date to receive a cash dividend of 10.9%. It will make the payment On November 29.

* Nguyen Kim Investment and Development Company has publicly offered to buy over 2.1 million shares of Lam Dong Pharmaceutical Company (LDP) within 30 days starting November 30, with the buying price fixed at VND23,500. Currently, the investor is holding over 1.8 million shares at LDP, or a 24% stake.

* Truong Tien Holding Company, a unit related to Deputy General Director Le Khanh Trinh of Phu Thanh Garment Company (MPT), ha registered to buy 860,000 share of MPT from now to November 30. At the same time, Trinh will be buying 500,000 shares of the enterprise. He is now holding over one million shares at. MPT, or a 6.9% stake.

* Thuan Duc Company (TDP) will starting trading 25 million shares on the market for unlisted public enterprises, or UPCoM, on November 12 at the starting price of VNDlO,700. Established in Hung Yen Province in 2007, the firm manufactures plastic products for domestic consumptions and exports to Europe, Japan and the U.S.


Category: Business, Vietnam

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