Business Briefs 18 Jan 2019

18-Jan-2019 Intellasia | | 9:46 AM Print This Post

* CMC Technology Company (CMG) has passed a plan to issue VND300 billion worth offive-year inconvertible bonds with the face value ofVNDI billion. The enterprise will conduct the issue in March and buy back the bonds in the following years, including VND20 billion in the third year, VND30 billion in the fourth year and VND250 billion upon maturity. Of the proceeds, CMC will spend VND200 billion on a creative space project in HCMC and VND100 billion expanding its operation scale.

* Minh Phu Seafood Corporation (MPC) estimated its pre-tax profit last year at VND1.2 trillion. Its export revenue was expected to reach US$750,7 million in 2018, meeting 93% of the full-year target, of which exports to the U,S. market hit US$305,7 million, accounting for 40.7% of the company’s export earnings. MPC shipped over 67,000 tons

of products in 2018, exceeding the year’s target by 7%.

* Viet Capital Securities Company (VCI) has announced to issue 50,000 inconvertible bonds with the face value of VND10 million and a tenor of 24 months. The shares will be offered to domestic and international individuals and organizations via a private placement. The firm will use the VND500-billion proceeds to supplement its capital. In a related development, VCI has announced January 25 as the ex-dividend date to pay a 2018 cash dividend for shareholders at 7%.

* Bui Quang Anh Vu, deputy general director of Phat Dat Real Estate Development Company (PDR), has registered to buy 300,000 PDR shares from January 18 to February 16. Vu now holds 13,000 shares at the company.

* The trade union of Sao Ta Food Company (PMC) has registered to sell its entire 552,000 FMC shares, equal to a 1.38% stake in the enterprise. Transactions will be made from January 18 to February 16.

* Erection Electromechanics Testing Company (LCD) has announced January 21 a the record date to pay a 2018 dividend for shareholders at 6%.


Category: Business, Vietnam

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