Business Briefs 14 Jun 2019

14-Jun-2019 Intellasia | | 9:29 AM Print This Post

* FLC AMD Mining and Investment Company (AMD) has renamed itself FLC STONE with an aim to optimize its strength and operations of natural stone exploitation and consolidating its foothold in the domestic and international construction material markets, FLC STONE has projected its 2019 revenue at VND2,67 trillion and its pre-tax profit at VND60 billion.

* Dat Xanh Group JSC (DXG) has issued VND234 billion worth of convertible bonds for KIS Vietnam Securities Corporation entrusted by ASAM Vietnam Mezzanine Bond Balanced Hedge Fund 1, a member of Asam Vietnam, The conversion price of the unsecured five-year bonds is VND29,228 each.

* Ocean Hospitality & Service JSC (OCH) has set its 2019 target to generate revenue of VND 1,14 trillion and pre-tax profit of VND 17 billion, up 1.4% and down 80%, year-on-year.

* Saigon-Hanoi Securities JSC (SHS) will pay a 2018 cash dividend of 15% on July 15, The ex-dividend date will be June 19 and the record date is slated for June 20

* Tael Two Partners Ltd, a major shareholder of GTN Foods JSC (GTN), has divested its entire 55 million GT shares, or a 22% stake, during the Vinamilk’s acquisition of G T shares.

* T.T.A Investment Corporation, a major shareholder related to Bui Minh Tuan as a board member of Sai Gon Garment Manufacturing Trade JSC (GMC), will buy one million GMC shares from June 13 to July 12 to raise its ownership in GMC to more than 3,35 million shares, or a 21.63% stake.

* Asia Mineral JSC (AMC) will finalize the list of shareholders to receive a 2018 dividend in cash at 20%, or VND2,000 per share, on June 28. The payment is slated for July 9.

* Nguyen Van Thanh, chairman of Dong A’Hotel Group (DAH), has registered to sell three million DAH shares between June 14 and July 12. The transaction is expected to cut his ownership in DAH to 3.5 million shares, or a 10,23% stake.

* Duong Van Viet, a major shareholder of Licogi 166 JSC (LCS), has sold over 1. 7 million LCS shares to reduce his holding at LCS to 24%, or 1.82 million shares, from the previous 46.42%.


Category: Business, Vietnam

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