Business Briefs 19 February 2019

19-Feb-2019 Intellasia | | 8:37 AM Print This Post

* Hoang Huy Investment Financial Services Company (TCH) is planning to issue VND1.2 trillion worth of convertible bonds this year at the par value of VND1 million each via a private placement. The firm will issue 1.2 million bonds that will have a tenor of three years and carry an interest rate of 7% per year. Besides, TCH will propose a temporary freeze of foreign ownership limit at 3.9% to proceed with the bond issuance plan.

* Sai Gon – Mien Trung Beer Company (SMB) targets a pre-tax profit of VND130 billion this year, down 25.7% against the previous year. Its revenue is expected to reach VND1.58 trillion in 2019, falling 12.7%. 5MB plans to produce over 209 million liters of beer in 2019, down 1.4% versus last year.

* Taisho Pharmaceutical has registered to buy over 925,000 shares of Hau Giang Pharmaceutical Company (DHG) from February 20 to March 21 to raise its holding to 34.99%. The investor is holding nearly 44.8 million shares at DHG, equivalent to a 34.29% stake.

* Century Land Company (CRE), a subsidiary of real estate firm Cen Group, will issue 30 million shares to pay dividend and give bonus to its shareholders. Of the amount, CRE will issue 7.5 million shares to pay a dividend at a 15-for-100 ratio for 2018. The remaining amount will be given as bonus at the 45-for-100 ratio. After the issuance, the firm expects to raise its registered capital by 60% to VND800 billion.

* Sao Ta Foods Company (FMC) said its revenue inched up 0.7% year-on-year to US 13.9 million in January. FMC processed 1,261 tons of shrimp in the month, down 1.8% year-on -year, due to the shortage in shrimp materials. In 2018, FMC’s net profit surged 59.3% versus 2017 to VND176.9 billion on revenue of VND3.8 trillion, up 8.8%.

* Nguyen Khanh Hung, chairman of LDG Investment Company (LDG), will be buying 10 million LDG shares from now to March 19 to spur his stake from 6.3% 011.6%, or over 22.1 million shares.


Category: Business, Vietnam

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