Business Briefs 16 July 2018

16-Jul-2018 Intellasia | | 8:38 AM Print This Post

* FLC Group (FLC) has announced to buy one million shares ofAMD Mining and Investment Company (AMD) to hold a 0.6% stake in the latter. AMD share price is around VND3,200 each on the HCMC market.

* DIC Investment and Trading Company (DIC) has decided to invest VND2 billion in DIC Building Material Production Joint Stock Company, securing a 28.6% stake in the enterprise.

* Hoa Binh Construction Group Company (HBC) has won two construction contracts with the combined value of over VND 1.2 trillion: Ending the second quarter of2018, HBC had inked deals with property developers to implement five projects with the total value of over VND5 trillion.

* Ben Tre Aquaproduct Import and Export Company (ABT) will pay a provisional dividend ofVND3,000 per share for 2018 in August. The firm currently has 11.5 million outstanding shares. ABT aims for a net profit of VND48 billion on revenue of VND400 billion in 2018, up 45% and 4.2% against last year respectively.

* PYN Elite Fund has acquired one million shares of An Phat Plastic and Green Environment Company (AAA) to raise its stake from 7.8% to 8.4%.
AAA share transaction has been active in recent time with matching volume averaging out at over 1.2 million shares each session. The firm’s share price is around VND18,OOO.
* Tay Ninh Rubber Company (TRC) will pay a dividend of D2,300 per share for 2017 on the record date of Iuly 17. The firm currently has 29.13 million outstanding shares. It will make the payment on July 31.

* MB Capital has transferred 2.75 million shares of Hai Duong Pump Manufacturing Company (CTB) to cut its holding to nearly 7%, or 600,000 shares. Last year, CTB sold nearly 3.4 million shares to the investor at VND15,600 each, raisingVND52 billion and spurring its registered capital to VND86 billion.

* Phan Bang Viet, a board member of Que Phong Hydropower Company (QPH), has registered to sell nearly 1.6 million QPH shares, or an 8.5% stake in the enterprise. Earlier, another board member named Le Thai Hung offloaded nearly 1.3 million shares of QPH.



Category: Business, Vietnam

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