Business Briefs 13 November 2018

13-Nov-2018 Intellasia | | 9:02 AM Print This Post

* Nguyen Ho Nam, chairman of Transport and Industry Development Investment Company (TCD), has registered to buy 750,000 TCD shares from November 12 to December 11, which once completed will raise his stake to over 2.7%. Meanwhile, TCD’s Vice Chairman Nguyen Thanh Hung will be buying 500,000 shares of the firm in the same period.

* Ca Mau Trade Company (CMV) will ask for shareholder suggestions over the bid by Long Hung Trading and Service Company to buy 1. 7 million shares of CMV with a voting right. Long Hung Company is now holding 4.4 million shares at CMY, or a 36.6% stake. If the purchase is done, it will spur its ownership to nearly 6.2 million shares, or 51 %. CMV share price is around VND20,000.

* Thu Due Housing Development Corporation (TDH) said its net profit slumped 81.3% year-on-year to VND7.64 billion in the third quarter of this year amid the decrease of revenue by 10.4% to VND653 billion. TDH experienced the decline in both net profit and revenue in the quarter as the firm’s old real estate projects were sold out previously while the new ones were not available to create new revenues and profits.

* Bao Viet Holding Group (BVH) has passed a plan to buy shares owned by other shareholders ofBao Viet Investment Company (BVI) to spur its ownership at BVI from 55% to 100%.

* Lam Dong Mineral and Building Material Company (LBM) has announced November 14 as the ex-dividend date to pay a 2018 first round dividend in cash at 15%.

* Lam Nhat Son, chairman ofPV2 Investment Company (PV2), managed to sell 7.3 million shares out of nine million shares he had put on offer from October 5 to November 2. He will be selling the remaining 1. 7 million shares, equal to a 4.7% stake, from now to December 12.

* HV Investment Company ( HV) will organize an extraordinary shareholder meeting on ovember 16 to eek approval for the issuance of 4.8 million shares via a private placement. It will use the proceeds to acquire Viet Linh Education Investment Company, which has a chartered capital of VND98.6 billion. After the issuance, HV will spur its registered capital from VND32 billion to VND80 billion.


Category: Business, Vietnam

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