Business Briefs 16 May 2019

16-May-2019 Intellasia | | 9:21 AM Print This Post

* Tu Liem Urban Development JSC (NTL) will pay a 2018 cash dividend for its shareholders at a ratio of 15%, or VND1,500 per share. With 61 million outstanding shares, NTL will spend VND92 billion on the payment. The payment date is expected to be June 10.

* Viettronics Tan Binh JSC (VTB) has announced to issue over 23.28 million shares to the firm’s existing shareholders at VND10,000 per share. For each share held, the shareholders can buy one new share.

* Due Quang Investment and Development JSC (FTM) has passed a plan to sell 30 million shares to its existing shareholders at VND10,000 per share. Of the proceeds of an estimated VND300 billion, FTM is planning to spend VND250 billion conducting mergers and acquisitions and use the remaining VND50 billion to raise its working capital.

* American Vietnamese Biotech INC (AMV) will hold its 2019 annual shareholder meeting where the firm will announce its business targets. AMN is looking to attain VND850 billion in revenue and VND230 billion in after-tax profit this year, up 89% and 5%, respectively, against last year.

* Taseco Air Services JSC (AST) has announced May 20 as the ex-dividend date for shareholders to receive a second round share dividend at a ratio of 1-for-4, meaning shareholders will get one new share for every four shares held. AST will issue nine million new shares.

* Tang Kien Nghiep, a shareholder of Century Synthetic Fiber Corp (STK), has bought over one million STK shares to raise his ownership in STK to 3.86 million shares, or a 5.46% stake. After the purchase, Nghiep has become the large shareholder of the firm.

* HDI Global SE, a large shareholder of PVI Holdings (PVI), has registered to purchase over 8.35 million PVI shares from May 14 to May 31. The shareholder currently holds more than 83.7 million PYI shares, or a 36.22% stake.

* Nguyen Thanh Son, a former member of the board of Seaprodex Refrigeration Industry Corporation (SRF), has registered to sell 6.5 million SRF shares between May 16 and June 14. The transaction is expected to cut his holding in SRF to over 1.33 million shares.


Category: Business, Vietnam

Print This Post

Comments are closed.