Business Briefs 16 May, 2018

16-May-2018 Intellasia | | 4:14 PM Print This Post

* Hau Giang Pharmaceutical Company (DHG) looks to make VND4 trillion in revenue in 2018, down 1  percent versus the previous year, and VND768 billion in pre-tax profit, up 7 percent. DHG plans to remove the foreign ownership limit no later than July 1. Currently, the State Capital Investment Corporation and Taisho are the biggest shareholders of the firm with their respective stakes of 43.31  percent and 24.4 percent.

* Techcombank has sold 64.4 million treasury shares at the average price ofVND128,000 each, raising over VND8.2 trillion. In March, the

lender offloaded over 93 million treasury shares with prices averaging out at VND91,000 per share.

* Vietnam National Petroleum Group (PLX) has offloaded its entire eight million shares at Petrolimex Export and Import Company, or a 56.34 percent stake, in the latter. Given the current market price ofVND6,000 per share, PLX is expected to earn around VND48 billion from the transaction.

* Saigon Thuong Tin Real Estate Company (SCR) has spent over VND537 billion acquiring a 100 percent stake at Hung Anh Nam Real Estate Trading

and Investment Company, or nearly 32.6 million shares. Earlier, SCR sold 49 million shares at VNDI0,000 each to raise funds for the purchase

* JPY PT Retail Company (FRT) will close its shareholder list on May 25 to pay bonus shares at a ratio of 70 percent. It plans to issue 28 million shares for the payment, thus raising its registered capital from VND400 billion to VND680 billion.

* Dat Phuong Company (DPG) will stop trading on the market for unlisted public enterprises, or UPCoM, from tomorrow to move its listing to the Hochiminh Stock Exchange. The southern stock watchdog has given approval to DPG to trade nearly 30 million shares on the bourse.

* Tasco Company (HUT) has taken over 1.3 million shares, or a 3.2 percent stake, at Thang Long Company (TTL) transferred from Pham Thi Nhai, a relative of a former board member ofTTL. In end-20l7, HUT held a 35.41  percent stake in TTL while the State Capital Investment Corporation owned 25.05 percent, Saigon-Hanoi Bank 7.16 percent and Saigon-Hanoi Insurance Corporation 7.16 percent.


Category: Business, Vietnam

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