Business Briefs 17 Dec 2018

17-Dec-2018 Intellasia | | 8:39 AM Print This Post

* The Vietnam State Treasury successfully issued VNDlO.2 trillion worth of government bonds in November, nearly double the amount raised in the previous month.

* Vinh Hoan Corporation (VHC), one of the country’s leading Tra fish exporters, posted revenue ofUS$39 million from exports in November, up 43% over the same period last year. Its export revenue climbed 27% year-on-year to US$348 million in January-November. VHC plans to spend VND185 billion paying an interim dividend ofVND2,000 per share on the record date of December 12. The payment date is December 20.

* No Va Real Estate Investment Company (NVL) has decided to take out a syndicated loan valued at US$90 million, which will be arranged by Standard Chartered Bank or its branches and associated units.

* HCMC Infrastructure Investment Company (en) has decided to issue a maximum of VND 1. 1 trillion worth of 10-year bonds and VND400 billion worth of two-year bonds, both via a private placement. It will use the proceeds from the debt issue to add capital and fund its investment plans. Besides, CII will establish CII Land Company by restructuring Lu Gia Real Estate Company.

* Truong Thanh Tam, the father of Chairman Truong Thanh Nhan of Van Phat Hung Corporation (VPH), has registered to buy two million VPH shares, or a 2.6% stake, from December 17 to January 15, 2019. Tam currently owns no single share in the enterprise.

* Petrovietnam Gas North (PVG) will hold an extraordinary shareholder meeting on December 27 to discuss a plan to sell 8. 78 million shares to Petro Vietnam Gas Corporation (GAS) via a private placement. The deal will allow GAS to increase its ownership of the firm to 51.3% from the current 35.8%. After the transaction, PVG will raise its registered capital from VND277 billion to VND365 billion. The new shares will not be transferable within one year.

* TG Investment and Trading Company (TG) said its Novernber net profit surged 96% year-on-year to VND16 billion. Its revenue soared 44.5% to over VND279 billion. From January to November, TNG’s net profit increased 52% year-on-year to VND163.3 billion while its revenue grew 46% to VND3.3 trillion.


Category: Business, Vietnam

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