Business Briefs 19 Jul 2019

19-Jul-2019 Intellasia | | 9:13 AM Print This Post

* VinaCapital has announced the acquisition of Smartly Pte Ltd, one of the first robo-advisory investment platforms in Singapore. Founded in 2015, Smartly advises customers to invest at low fees. VinaCapital is one of Vietnam’s leading investment companies with US$1.8 billion in assets under management.

* FPT Digital Retail Company (FRT) will issue 10.3 million shares to pay a dividend for shareholders in the third quarter of the year. This stock dividend plan is based on 2018″s business results approved by the company’s board of directors. Shareholders who own 100 shares will receive 15 new stocks, equivalent to a dividend ratio of 15%. Last month, FRT also paid cash dividends at the ratio of 10%.

* Financial consumer company Home Credit Vietnam has recently unveiled a new in-app loan installment payment feature with AirPay e-wallet, allowing customers to make payments anytime and anywhere without traveling to points of sale. Besides AirPay, Home Credit customers also have also accessed MoMo payment service.

* Vietnam Rubber Group (GVR) has approved a plan to move four billion shares to the Hochiminh Stock Exchange from the market for unlisted public enterprises, UPCoM, in the third quarter of this year. Besides, GVR will spend VND1 trillion paying a dividend of VND250 per share for 2018 on August 26. Currently, the Committee for the Management of State Capital at Enterprises (CMSC) manages a 97% state stake or 3.87 billion shares in GVR after receiving the stake from the Ministry of Agriculture and Rural Development.

* VietinBank Capital has become the biggest shareholder at Hai Duong Pump Manufacturing Company (CTB) after acquiring 3.36 million CTB shares, equal to a 24.56% stake. CTB sold the shares to VietinBank Capital via a private placement at the price of VND19,OOO each. The shares will not be transferable within 24 months from July 12.

* Nam Tan Uyen Company (NTC) said its net profit rose 10% year-on-year to VND60.75 billion in the second quarter of this year. Its net revenue dipped 1.5% to VND47.4 billion during the period.


Category: Business, Vietnam

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