Business Briefs 18 April 2019

18-Apr-2019 Intellasia | | 8:51 AM Print This Post

* Vietnam Prosperity Joint Stock Commercial Bank (VPB) has projected its consolidated pre-tax profit at VND9.5 trillion (US$409.4 million) this year, up 3% from 2018. The bank has plans to issue a maximum of 260 million shares for local and foreign investors to increase the foreign ownership ratio in VPB to 30%.

* The Hochiminh Stock Exchange has suspended the trading of shares of Khang An Investment Real Estate Company (KAC) from April 19, as KAC had repeatedly violated regulations on information disclosure after being put under special surveillance.

* Bui Thuy Giang, a large shareholder of Mekong Fisheries Company (AAM), has registered to sell 700,000 AAM shares, reducing her stake from 13.57% to 4.86%. Thus, she is no longer a major shareholder of AAM.

* Taseco Air Services JSC (AST) has approved a plan to issue nine million shares to pay a 2018 second round dividend for shareholders some time this year.

* Tien Phong Bank (TPB) looks to raise its charter capital to VND10 trillion (US$430.6 million) this year. The bank also expected to generate VND3.2 trillion in pre-tax profit, surging 42% over last year, according to documents prepared for its annual shareholder meeting slated for April 23.

* TNG Investment and Trading JSC (TNG) has released a report on its first quarter performance, saying its after-tax profit reached VND37 billion, up 72% over the same period last year.

* Song Da Urban & Industrial Zone Investment & Development JSC (SJS) decided last week to pay a 2016 cash dividend for its shareholders on September 30, instead of April 15 as earlier planned, due to the lack of cash.


Category: Business, Vietnam

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