Business Briefs 17 Jun 2019

17-Jun-2019 Intellasia | | 7:47 AM Print This Post

* The board of directors of Hung Vuong Joint Stock Corporation (HVG) has decided to sell its entire 90% stake in Hung Vuong Ben Tre Seafood Processing Co., Ltd and part of its stake in An Giang Fisheries Import & Export Co. (AGF) to cut its holding in the firm to 50%. HVG now holds over 22.3 million AGF shares, 79.58% of the total.

* FLC Faros Construction Joint Stock Company (ROS) looks to generate revenue of VND4 trillion, pre-tax profit of VND400 billion and after-tax profit of VND320 billion this year.

* Thang Long Investment Group JSC (TIG) has passed a plan to contribute VND246 billion to the establishment of Thang Long Wind Power JSC – Huong Son 1, 60% of the new firm’s charter capital. TIG will also contribute VND 180 billion, or a 60% stake, to setting up Thang Long Wind Power JSC – Huong Son 2. The capital contributions are slated for this year.

* Thu Due Housing Development Corporation (TDH) will pay a 2018 cash dividend of 10%, or VND1,000 per share, on July 26. The record date is June 27 and the ex-dividend date is June 26. The firm will also issue shares at a ratio of 100:15 for existing shareholders to raise its charter capital.

* The Hochiminh Stock Exchange (HOSE) has decided to suspend Hoang Long Group (HLG) from trading shares on the exchange from June 19 as HLG repeatedly violated regulations on information disclosure after it had previously been placed on the surveillance list.

* Southern Fertilizer JSC (SFG) has announced June 26 as the ex-dividend date to pay a 2018 second round cash dividend of 4%. The payment is expected to start from July 10.

* Hoang Ha Investment Production and Development Co., Ltd., a major shareholder of Son Ha International JSC (SHI), has registered to buy over 2.67 million SHI shares from June 19 to July 18. The purchase will raise its holding in SHI to over 8.36 million shares, or a 9.8% stake.

* Dong Hai Ben Tre Company (DHC) will issue over 8.95 million shares to pay a 2018 dividend of 20%.


Category: Business, Vietnam

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