Business Briefs 17 Jan 2019

17-Jan-2019 Intellasia | | 9:30 AM Print This Post

* Southern Seed Corporation (SSC) will pay an interim dividend of VND2,000 per share for 2018 on the record date of January 23. The firm will make the payment on February 28. Earlier in October last year, SSC’s extraordinary general meeting rejected the proposal of canceling the listing of 13.5 million shares on the Hochiminh Stock Exchange. SSC’s shareholders also turned down the plan to decrease its registered capital from the current VND149.9 billion, said Viet Capital Securities Company. In September 2018,

Vietnam National Seed Company bought nearly 127,000 shares of SSC to increase its holding in SSC to 94.6% from the earlier 93.7%.

* Petrolimex (PLX) has announced 2018 preliminary results with revenue of VND 190 trillion and pre-tax profit of VND5 trillion, up 23.6% and 5.1 % against the previous year, respectively. The revenue growth was mainly driven by a surge in petroleum and oil prices.

* Century Fiber Company (STK) has announced January 24 as the ex-dividend date for shareholders to receive a 2017′share dividend at a 7-for-100 ratio and buy new shares at a ratio of 1-for-10 and buying price ofVND10,000.

* Nguyen Trung Ha, chairman of Thien Viet Securities Company (TVS), has registered to buy one million TVS shares from now to February 15 to raise his ownership to 19.65 million shares, or 30.9%.

* Petrovietnam Gas North Corporation (PVG) has decided to issue over 8.7 million shares for PetroVietnam Gas Corporation via a private placement. The new shares will be restricted from transfer within one year. With the selling price of VND 10,000, PVG expects to raise VND87.8 billion to supplement its working capital. After the issuance, PVG will spur its chartered capital to VND36.5 billion.

* American Vietnamese Biotech Inc. (AMV) said its net profit skyrocketed 3.2-fold year-on-year to VND122.4 billion in the fourth quarter of last year. Its revenue jumped 4.8-fold to VND296.6 billion in the period.

* Petroleum General Distribution Services Company (PSD) has chosen February 13 as the ex-dividend date for shareholders to receive a 2018 first round dividend in cash at 15%. It will make the payment on February 27.


Category: Business, Vietnam

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