Business Briefs 18 February 2019

18-Feb-2019 Intellasia | | 11:44 AM Print This Post

* Dam Sen Water Park Corporation (DSN) will pay an interim dividend of VND2,900 per share for 2018 on record from February 25. The payment starts on March 8. Earlier on January 18, DSN spent VND43.5 billion paying an interim dividend of VND3,600 per share for 2018. Last year, DSN posted net profit of VND95. 76 billion from its net revenue of VND216.6 billion, which climbed 7.5 percent and 10.4 percent against 2017, respectively.

* Hung Vuong Corporation (HVG), one of the biggest seafood exporters in Vietnam by revenue, looks to consolidated pre-tax profit of VND1OO billion in the fiscal year beginning October 1, 2018, down 3.85 percent year-on-year. Its consolidated revenue is expected to reach VND4.4 trillion in the year. HVG plans no dividend payment for the fiscal year 20 19. Its consolidated net profit decreased 28.6 percent year-on-year to VND18.11 billion in the first quarter of its fiscal year 2019, due to the fall in its financial income. Its net revenue sank 50.22 percent year-on-year to VND1.34 trillion in the quarter.

* CTCP SMD Holdings, a shareholder of Landmark Holding JSC (LMH), successfully sold 800,000 LMH shares late last month, thus reducing its stake in the petroleum and real estate firm to 1.72%, or 0.4 million shares, from the previous 5.15%. It is no longer a major shareholder of LMH.

* The board of directors at Sai Gon Thuong Tin Real Estate JSC (SCR) has decided to set up two real estate subsidiaries TIC Land Rach Gia and TIC Land Phu Quocin Rach Gia City and Phu Quoc District, respectively, both in the Mekong Delta province of’Kien Giang. Each firm has total charter capital of VND50 billion.

* Phu Tai JSC (PTB) plans to buy 1.5 million treasury shares, equivalent to around 3 percent of shares on the market. It is expected to take place in March and April.

* Asean Deep Value Fund, a major shareholder of Asia- Pacific Investment JSC (API), will be buying 150,000 API shares between February 14 and 28 via matching and put-through transactions. The foreign fund no ‘holds more than 6.65 million share in the firm equivalent to 18.79%.

* Vu Tien Duc, chair of Constrexim No.8 Investment and Construction JSC (CX8), purchased 120,000 CX8 hares from February 1 to 11 in a bid to increase his ownership in the firm to 12.75 percent or over 281,000 shares. Meanwhile, Nguyen Dinh Nghia, a member of the board of directors at CX8, offloaded his entire 101,000 shares in the firm early this month.

 


Category: Business, Vietnam

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