Business Briefs 14 Oct 2019

14-Oct-2019 Intellasia | | 9:12 AM Print This Post

* VietinBank (CTG) will issue the second tranche of this year’s bond issuance worth VND1 trillion at the end of this month. With par value of VND10 million each, the bond will come with two terms seven and 10 years. This issue is part of the lender’s plan to sell a total of VND5 trillion of debt in 2019. The bank successfully sold VND4 trillion in bonds last month.

* The State Bank of Vietnam has licensed the Mobile Entertainment Corporation (ME Corp) to provide intermediary payment services. ME Corp is allowed to provide electronic payment portal, cash collections and payment services, and e-wallet services. The central bank has so far licensed 30 non-bank institutions to provide intermediary payment services, of which 20 offer e-wallets and most of the institutions involve foreign investors.

* Tan tao University JSC has bought an additional 9.1 million shares out of the planned 10 million shares of Tan Tao Investment & Industry Corporation (ITA) on September 24, increasing its holding in ITA to 8.84%, equal to 82.9 million shares, from the earlier 7.87%.

* Thanh Thanh Cong-Bien Hoa JSC (SBT) has sold all 61.6 million treasury shares between September 13 and October 4. The sugar enterprise sold the treasury shares at VND18,500 each.

* Vicostone Company (VCS) said its net profit soared 30% year-on-year to VND350 billion in the third quarter of this year. Its revenue surged 38.6% to VND1.47 trillion in the quarter. Earlier. VCS paid the dividend of VND4,000 per share for 2019 and issued 3.2 million treasury shares to existing shareholders for bonus giving.

* Duc Giang Company (MGG) will close its shareholder list on October 14 to issue 1.82 million bonus shares at a ratio of 25.327%. It is expected to spend nearly VND18.2 billion on the payment. In late June, the garment maker spent VND21.6 billion paying a 2018 cash dividend of 35% for shareholders. The MGG share price is around VND35,000 on the market for unlisted public enterprises, or UPCoM.


Category: Business, Vietnam

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