Business Briefs 17 Sep 2018

17-Sep-2018 Intellasia | | 8:43 AM Print This Post

* Tri Viet Securities Company (TVB) is seeking approval from shareholders to issue over eight million shares at a 2-for-1 ratio, with the selling price not lower than the par value. The brokerage expects to raise at least VND80 billion from the issue to improve its margin lending service. TVB moved its listing from the market for unlisted public enterprises, or UPCoM, to the Hochiminh Stock Exchange in June.

* Tan Khanh An Company will offer over 2.9 million shares at its initial public offering on October 15, with the starting price of the shares set at VND15,500 each. Headquartered in the north-central province ofNghe An, the tobacco enterprise has chartered capital ofVND38 billion.

* Vincom Retail Company (YRE) will issue 427.7 million shares, or 22.5% of its total outstanding volume, to raise its chartered capital to over VND23.2 trillion. The new shares will be available for trading after the share sale. In the first six months of2018, VRE made VND3.1 trillion in revenue and VND1.1 trillion in after-tax profit, up 15% and5.5%year-on-year, respectively.

* Vinh Hoan Corporation (VHC) has announced to establish Vinh Phuoc Food Company in Dong Thap Province with chartered capital of VND300 billion. Early this year, VHC raised capital offood processing company Van Due Tien Giang from VND305 billion to VND872 billion by issuing shares for foreign partners, thus cutting its ownership in the enterprise to 35%.

* PetroVietnam Power Nhon Trach 2 Company (NT2) has announced an interim cash dividend payment ofVND 1,500 per share while also guiding for a cash dividend ofVND2,500 a share for the fiscal year 2018. The record date is September 20 and the company will make payment on September 28. In July, NT2 paid an extra cash dividend ofVND2,792 per share, which came from retained earnings over the 2007-2015 period.

* Pyn Eliete Fund has sold over 650,000 shares of Due Long Gia Lai Company (DLG) to cu its ownership to over 31.3 million hare. or a 10.9% stake.

* Marine Supply and Engineering Service Company (MAC) has issued an additional 720,000 shares to pay dividend for its 1,148 shareholders. After the issue, the firm has over 15.1 million shares.


Category: Business, Vietnam

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