Business Briefs 13 Sep 2019

13-Sep-2019 Intellasia | | 9:07 AM Print This Post

* Vinh Phuc Infrastructure Development JSC (IDV) will contribute more than VND14 billion to establish VPID Vinh Phuc company, whose headquarters is in Khai Quang Industrial Zone in the northern province of Vinh Phuc. With the charter capital of VND20.6 billion, the new firm will invest in building warehouses for lease, according to Cafef vn.

* Viet Thai Electric Cable Corporation (VTH) has appointed Tran Tri Viet as the firm’s general director in a three-year tenure and Vuong Thanh Tung as vice general director. Also, the firm has dismissed Mai Phan Carn Tu from the post of acting general director.

* Viet Tu Investment JSC, a large shareholder of Petro Vietnam Gas City Investment and Development JSC (PCG), will purchase over 3.78 million PCG shares from September 12 to October 8. Viet Tu company currently holds over 1. 79 million PCG shares, or a 9.49% stake.

* VITECO Vietnam Telecommunications Technology JSC (VIE) has passed a plan to sell over 938,000 VIE shares via a private placement at the price of VND10,000 per share to strategic investors. The sale is scheduled for the third quarter of the year.

* Bui Phap, board chairman of Duc Long Gia Lai Group JSC (DLG), has registered to purchase 7.5 million DLG shares from September 13 to October 12 to spur his holding to over 74.22 million shares, or a 24.8% in the firm.

* Dao Phuc Tri, general director at Yeah 1 Group Corporation (YEG), bought 1.4 million YEG shares on September 10. After the transactions, his ownership at YEG is currently over 2.5 million shares, or an 8.8% stake.

* Vietnam Bank for Industry and Trade Securities JSC (CTS) has chosen September 13 as the ex-dividend date for shareholders to receive a 2018 cash dividend at 10%. The record date is September 16 and the payment date is scheduled for September 27.


Category: Business, Vietnam

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