Business Briefs 14 November 2019

14-Nov-2019 Intellasia | | 11:27 AM Print This Post

* Nguyen Ho Nam, chair of Bamboo Capital Group (BCG), has registered to buy nine million BCG shares from November 14 to December 13 to raise his ownership to 21.9 million shares, or 20,3%. During the period, Pham Minh Tuan, deputy general director of the company, will be buying 250,000 BCG shares. Tuan now has no shares in BCG.

* Dat Xanh Real Estate Service Company, a unit of Dat Xanh Group (DXG), has sold all 14.3 million shares at LDG Investment JSC, equivalent to 5.95 percent of the company’s capital. The shares were sold in block deals at VND12,400 each, higher than its current market price of around VND11,300.

* Vietnam Dairy Products Company (VNM) said it has secured 5,500 hectares of land in Laos for raising dairy cows. By the end of 2020, VNM expects this cow farm to raise 8,000 cows, of which 4,000 will be EU-certified organic cows. Currently, the firm’s own dairy cows now number around 30,000, in addition to 100,000 cows owned by farmers.

* Licogi 16 Company (LCG) plans to issue 4,9 million shares to pay a dividend at a 5-for-100 ratio for 2018. LCG will also pay a cash dividend of VND700 per share for last year. The company made a consolidated net profit of VND 153.4 billion on revenue of VND 1.7 trillion in January-September this year, up 54.5 percent and 9.3 percent year-on-year, respectively.

* Masan Resources Corporation (MSR) plans to pay a 2018 dividend of 10 percent in shares meaning shareholders will receive 10 new shares for every 100 shares held With more than 899.3 million shares in circulation, MSR will issue around 89.93 million new shares. The payment will be sourced from the undistributed accumulated after-tax earnings of the company as of December 31 2018.

* Agribank Securities Company, a major shareholder of Vinaconex Tourism Investment and Development Company (VCR), will sell 391,000 VCR shares from now to December 11. The investor now owns over 3.99 million shares in VCR, or an 11.27 percent stake. From October 8 to November 6, the investor offloaded over 650,000 VCR shares out of the total registered volume of 1.04 million shares.


Category: Business, Vietnam

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