Business Briefs 14 March, 2018

14-Mar-2018 Intellasia | | 2:22 PM Print This Post

* Vietnam Electrical Equipment Corporation (GEX) is going to issue 53.3 million shares to pay a 2017 dividend for shareholders and increase its registered capital. This year, GEX targets to obtain VND15 trillion in revenue and nearly VND1.5 trillion in after-tax profit, up 25 percent and 13 percent against the previous year respectively. In 2017, GEX issued VND500 billion worth of inconvertible secured bonds, which had a face value ofVNDl billion each.

* Pham Anh Duong, chair of An Phat Plastic and Green Environment Company (AAA), has registered to buy over 1.1 million AAA shares from now to April 12, raising his ownership from 2.2 percent to 3.6 percent. At the same time, Pham Hoang Viet, a board member ofthe enterprise, will buy 1.8 million AAA shares to secure a 2.4 percent stake.

* An Duong Thao Dien Real Estate Trading Investment Company (HAR) plans to raise its capital from VND968 billion to overVNDl trillion this year by paying a 2016 share dividend for shareholders and issuing shares for staff. It expects to gain VND60 billion in after-tax profit, surging by 109 percent versus last year.

* Thanh Nam Group Company (TNI) has sold over 15.6 million shares out of the total offer of 31.5 million shares, raising over VND 15.6 billion. It will use the proceeds to invest in a property project inDanangCity, pay bank debts and supplement working capital. The enterprise will transfer its entire 8.49 million shares, or an 84.9 percent stake, at Vuon Dao Ha Long Hotel JSC, before the end of the second quarter.

* Daiwa Securities Group Inc will be buying over 22.8 million shares of Saigon Securities Inc (SSI) between March 16 and April 13.

Once completed, the Japanese investor will raise its holding at SSI from 17.47 percent to 22 percent, or over 1l0.2 million shares.

* Ha Tay Pharmaceutical Company (DHT) will organise an annual general meeting on March 26 to seek shareholders’ opinions on its business plans for 2018. The enterprise will focus on southern markets such asHCMCity, theCentral Highlandsand the Mekong Delta and hire foreign experts to launch new products. It also has plans to issue shares for existing shareholders to raise capital.


Category: Business, Vietnam

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