Business Briefs 15 May, 2018

15-May-2018 Intellasia | | 7:22 PM Print This Post

* LDG Investment Company (LDG) will issue 28.79 million shares to pay a dividend at a 100- for-18 ratio for 2017. The firm is also seeking to issue two million shares under an employee stock ownership plan and 19 million shares to pay an interim share dividend at a ratio of 10 percent. After the issues, the firm will raise its registered capital to VND2.1 trillion from the current VND1.6 trillion.

* Ba Ria-Vung Tau House Development Company (HDC) purchased only 475,000 shares out of the total volume of four million shares it registered to buy back between April 10 and May 9, explaining that HDC share prices were mostly higher than VND17,000 each during the period. In late March, HDC announced to buy back four million shares as treasury shares at no higher than VND17,000 each to stabilise share price.

* Sao Ta Foods Company (FMC)said its revenue rose 8.9 percent year-on-year to $13.4 million in April. FMC processed 1,105 tonnes of shrimp in the month, marking a slight drop over the same period last year.

* FECO Corporation (FCN) has estimated its revenue at VND650 billion to VND700 billion in the second quarter of this year, up 50 percent year-on-year. In 2018, FCN targets a net profit of VND272 billion from revenue of VND3.5 trillion, up 56 percent and 51  percent compared to last year respectively.

* Telecommunication Industry Electronics Company (TIE) racked up a loss ofVND2.1 billion in the first quarter of this year. The Hochiminh Stock Exchange has added TIE stock to the warning list from April 11 due to a loss of nearly VND20 billion last year, which led to anaccumulated loss ofVND10.5 billion at the end of2017.

* Nguyen Thi Chi Phuong, general director ofKSQ Investment Company (KSQ), will be buying two million KSQ shares from now to June 13, thereby securing a 6.67 percent stake in the enterprise. The KSQ share price is around VND1,400 each on the Hanoi market, down 26 percent compared to early this year.

* Nam Tan Uyen Company (NTC) targets a net profit ofVND365 billion from revenue ofVND610.5 billion in,2018, up 156.5 percent and 131  percent against last year respectively.


Category: Business, Vietnam

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