Business Briefs 14 November, 2017

14-Nov-2017 Intellasia | | 3:33 PM Print This Post

* Mobile World Investment Corporation (MWG) has announced to issue a maximum of 1,200 bonds in the last quarter of2017. The five-year debt will have a face value ofVND 1 billion each. MWG will use the VND 1.2- trillion proceeds to improve its capital and fund its projects. The firm also has plans to issue over 9.2 million shares for employees next month.

* Pymepharco Company (PM E) began trading over 65.2 million shares on theHCMCitymarket last Friday at the reference price ofVND68,000 each. PME obtained VND1.2 trillion in revenue and VND215 billion in after-tax profit in the lanuary-September period, up 9 percent and 24 percent year-on-year respectively.

* Hoang Quan Consulting-Trading-Service Real Estate Corporation (HQC) has commenced work on a housing project in the US The HQC Tacoma project, invested by HQC’s member firm HQC USA Company, covers over 3,000 square meters and has a total investment $40 million, or nearly VND900 billion.

* Noi Bai Cargo Terminal Service Company ( CT), a cargo handling service provider atNoiBaiInternationalAirportinHanoi, said its net profit soared 32.3 percent year-on-year to over VND83 billion in the third quarter of this year thanks to an increase in financial incomes and a decrease in financial costs. Its revenue climbed 11  percent to VND181 billion in the quarter.

* TuongAn Vegetable Oil Company (TAC) has traded over 1.2 million more shares on theHCMCitymarket, raising its total outstanding volume to 33.8 million shares.

* Lam Son Sugar Company (LSS) has decided to buy back six million shares next month. The LSS price is hovering around VND9,000 each, slumping nearly 18 percent over the past month.

* Vietnam Airlines is considering selling a 4.1  percent stake to potential foreign investors before listing on theHCMCitymarket next year. Earlier, the carrier sold an 8.8 percent stake to ANA Holdings at $108 million.

* Viettel Global Investment Company has decided to float 2.24 billion shares on the market for unlisted public enterprises, or UPCoM. The State-owned military telecom giant Viettel is holding a 98.68 percent stake in the firm. It has nine subsidiaries and three associated firms inLaos,CambodiaandMyanmar.


Category: Business, Vietnam

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