Business Briefs 16 Aug 2019

16-Aug-2019 Intellasia | | 9:27 AM Print This Post

* Property developer FLC Group (FLC) will begin construction tomorrow on FLC Legacy Kon Turn, the first modern urban area in the Central Highlands. Covering 19 hectares, the project comprises shophouses, hotels, apartment buildings, schools, an entertainment area and a shopping center. Earlier, FLC started work on FLC Quang Ngai resort at an estimated cost of around VND11 trillion and FLC La Vista Sadec in the Mekong Delta province of Dong Thap.

* Korea Investment Management Fund has sold 6.31 million shares of Coteccons Construction Company (CTD) to cut its holding from 10.31 % to 2.05%. CTD reported a second quarter pre-tax profit of VND156 billion, down 71% year-on-year, the third consecutive quarterly decline and the lowest profit in four years, said

* Consumer lender Easy Credit under EVN Finance Corporation has introduced an online lending program via Zalo, allowing customers to provide the firm’s Zalo-based system with basic personal data. The system will then automatically give customers advice on lending rates and monthly payment before Easy Credit staff will directly contact customers. Easy Credit has also deployed customer care services on this platform.

* C.E.O Group (CEO) has completed the issuance of nearly 103 million shares to raise its registered capital by 66.65% to VND2.57 trillion. The realty firm plans to use the proceeds to invest in its River Silk City project in the northern province of Ha Nam and its subsidiaries namely C.E.O Construction JSC, Van Don Tourism Development and Investment JSC and Nha Trang Development and Investment JSC.

* Minh Phu Seafood Corporation (MPC) said its net profit soared 46.6% year-on-year to VND171.8 billion in the second quarter of this year thanks to the increase in financial income, which jumped 7.3-fold to VND239.9 billion in the quarter. Its revenue climbed 16.8% to VND2.95 trillion in the period.

* Vicostone Company (VCS) will spend VND314 billion paying the second round dividend of VND2,000 per share for 2019 on the record date of August 21. The payment is set for August 30.


Category: Business, Vietnam

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