Business Briefs 14 February 2019

14-Feb-2019 Intellasia | | 8:57 AM Print This Post

* The Ton Poh Fund, a shareholder of Saigon Cargo Service Corporation (SCS), purchased 830,000 SCS shares early this month. After the transaction, the Thai fund raised its stake in the firm to 5.13%, or 2.56 million shares, from the previous 3.47%, hence becoming the major shareholder of SCS.

* Thanh Thanh Cong-Bien Hoa JSC (SBT), one of the nation’s biggest sugar makers in Vietnam by market value, said its net profit decreased 17% year-on-year to VND166.4 billion from its net revenue of VND1.29 trillion in the last quarter of 2018, down 10.4% from a year earlier.

* Nguyen Viet Cuong, a member of the board of directors of Binh Thanh Import Export Production and Trade Company (GIL), has registered to buy 600,000 GIL shares from February 14 to March 15 via matching and put-through transactions. If successful, he would raise his ownership in the firm to 3.97%, equivalent to over 756,000 shares

* Ha Do Group JSC (HDG) announced that its net profit grew 34% year-on-year to VND468:3 billion in the fourth quarter of 2018, and its net revenue rose by a staggering 51 % year-on-year to over VND1.8 trillion in the quarter. The firm earned a consolidated net profit of some VND607 billion from its net revenue of more than VND3.2 trillion in 2018, up three-fold and 39% against 2017, respectively.

* HCMC Infrastructure Investment JSC (CII) plans to issue VND400 billion worth unsecured and inconvertible bonds for a maximum of 100 investors. Each share will have a face value of VND1 million, and its annual coupon ranges from 9% to 9.5%. The bond sale is expected to take place in the first and second quarters of this year.


Category: Business, Vietnam

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