Business Briefs 17 January 2020

17-Jan-2020 Intellasia | | 8:38 AM Print This Post

* Hanoi Stock Exchange (HNX) has announced that the entire amount of 350 million shares of Vietnam Forestry Corporation – JSC (VIF) will be listed on the northern bourse on February 3, with the reference price on the debut date at VND21, 700 per share. Earlier, HNX had issued a notice saying that the firm would cancel its share transactions on the market for unlisted public companies (UPCoM) from January 17 and its last trading session on UPCoM is slated for January 16, reported Dau tu chung khoan newspaper.

* January 31 has been chosen as the ex-dividend date for shareholders of Vinaconex Trading and Manpower JSC (VCM) to receive a 2019 cash dividend of 20%, with the record date being February 3 and the payment date being February 28

* Do Ngoc Quynh has officially taken up the post of acting general director at securities firm VNDirect. Quynh, 45, has over 22 years of experience in the field of finance and banking.

* Lo Hong Hiep, general director of Ocean Group JSC (OGC), purchased two million OGC shares between December 12 and January 10 via order-matching transactions. Also, OGC deputy general director Nguyen Thi Dung bought over 0.97 million OGC shares during the same period. one of them had owned OGC shares before the deals.

* The State Securities Commission has slapped an administrative fine of VND350 million on Trung Do JSC for its failure to register transactions on the local stock market. Based in Vinh City,Nghe An Province, Trung Do chiefly specializes in developing civil, industrial, traffic, irrigation construction projects, as well as in manufacturing and selling building materials. Its charter capital is VND150 billion.

* Thanh Cong Textile Garment Investment Trading JSC (TCM) estimated its turnover in the last quarter of 2019 at VND760 billion and pre-tax profit at VND54 billion, down 7.5% and up 170% over the same period in 2018, respectively.

* Le Phuoc Vu, chairman of Hoa Sen Group (HSG), will buy three million HSG share from January 17 to February 15 via order-matching and put-through deals, to spur his holding in the firm to over 52.7 million shares, or a 12.45% stake.


Category: Business, Vietnam

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