Business Briefs 14 Jan 2019

14-Jan-2019 Intellasia | | 9:04 AM Print This Post

* Vietcombank (VCB) has issued over III million shares via a private placement for GIC Private Limited, an investment fund from Singapore, and Mizuho Bank Ltd, one leading financial institution in Japan, thereby raising around VND6.2 trillion. Of the figure, GIC Private Limited purchased 94.4 million shares, or a 2.5% stake, while Mizuho bought an additional 16.6 million shares to maintain a 15% stake at VCB. After the issuance, the local bank has spurred its registered capital to VND37.1 trillion,

* Le Tuan Anh, son of Chairman Le Thanh Thuan of Sao Mai Group (ASM), has announced to buy 10 million ASM shares between now and February 12. After the transactions, Anh will raise his ownership at the seafood enterprise from 3.2% to 7.4%. Meanwhile, Thuan is holding over 46.1 million shares at ASM, equal to a 19.3% stake.

* Nguyen Sinh, chairman of Se San 4 Hydropower Company (S4A), has acquired over 157,000 S4A shares to raise his ownership to nearly 1.37 million shares, or 3.25%. In a related development, S4A has announced to advance a 2018 third round dividend in cash for shareholders at 9%, with the record date set on January 16.

* Le Thuy Huong, a board member of Gemadept Company (GMD), has sold over three million GMD shares, thus cutting her ownership to 6.3%, or over 18.6 million hares.

* Viglacera Corporation (VGC) plans to move 448 million shares to the Hochiminh Stock Exchange from the Hanoi Stock Exchange in the middle of February. Earlier, VGC received approval from the southern stock watchdog for the listing moving. The building material firm wants to improve the liquidity of its shares and facilitate the divestment of a 54% state stake held by the Ministry of Construction in the first half of 2019.

* The Hanoi Stock Exchange has given approval to Thang Loi International Garment Company (TLI) to float three million shares on the market for unlisted public enterprises, or UPCoM. The enterprise is capitalized at VND30 billion, held by 174 individual investors.

* Song Da 5 Company (SD5) has announced January 11 as the record date for shareholders to receive a 2017 cash dividend at 5%.


Category: Business, Vietnam

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