Business Briefs 15 May 2019

15-May-2019 Intellasia | | 8:48 AM Print This Post

* The board of Century Land JSC (CRE) has passed a plan to issue some 80 million shares to the firm’s existing shareholders at VND10.000 per share. For each share held, the shareholders can get one new share. After the issuance, CRE’s chartered capital will rise to some VND1.6 trillion.

* Gemadept Corporation (GMD) will hold an annual shareholder meeting on May 16, where it could announce its 2019 targets of VND2.8 trillion in consolidated revenue and VND695 billion in consolidated before-tax profit. The corporation is planning to pay a 2018 cash dividend of 15%.

* Thanh Thanh Cong Tourist JSC (VNG) has approved a plan to issue around nine million shares for shareholders of TIC Lam Dong Tourism JSC to swap the current outstanding shares of TIC Lam Dong, or a 27.99% stake. VNG currently owns more than 72% of the total chartered capital at TIC Lam Dong, making it the only owner of the former after the transaction.

* Power Engineering Consulting JSC 4 (TV4) has decided to advance a 2018 second round dividend in cash at 5%. The registration and payment date is scheduled for June this year.

* Truong Anh Tuan, chairman of Hoang Quan Consulting-Trading-Service Real Estate Corporation (HQC), has bought more than 3.5 million HQC shares, raising his ownership in HQC from 20.35 million shares to 23.93 million shares, or 5.02% of the total.

* Japan’s Taisho Pharmaceutical Holdings Co., Ltd. has registered to purchase an additional 300,000 shares in Hau Giang Pharmaceutical JSC (DHG) from May 5 to June 13. After the purchase, Taisho’s holding in Hau Giang Company will increase to 51 %.

* Kingsmead Vietnam and Indochina Growth Master Fund, a large shareholder of Investment and Trading of Real Estate JSC (ITC), has sold two million ITC shares, cutting its holding in ITC to two million shares, or a 2.91 % stake. Kingsmead Vietnam an Indochina Growth Master Fund is no longer the major shareholder of ITC.

* Cuong Thuan IDICO Development Investment Corporation (CTI) is looking to attain over VND1.3 trillion in revenue and VND141.5 billion in after-tax profit this year, up 42% and 10%, respectively, against last year. It will pay a cash dividend of 12% for shareholders.


Category: Business, Vietnam

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