Business Briefs 20 Aug 2019

20-Aug-2019 Intellasia | | 9:26 AM Print This Post

* Thanh Thanh Cong Bien Hoa Sugar Company (SBT) has approved a plan to sell all of its 61.7 million treasury shares to increase the number of outstanding shares with voting rights and restructure the company’s capital. The selling price will be decided by the board of directors but not lower than the market price or the book value at the time of offering. On the Hochiminh Stock Exchange SBT shares are traded at around VND15,550 each.

* HAGLAgrico Company (HNG) has approved a plan to issue shares to convert over 221,700 convertible bonds at the price of VND10.000 each, with each bond to be swapped for 1,000 shares. This means the firm will issue nearly 222 million shares. After the conversion, HNG’s charter capital will increase from VND8.87 trillion to VND11.1 trillion. Truong Hai Auto Corporation now holds 221,688 HNG bonds.

* HDBank (HDB) is seeking shareholder approval to buy back 5% or less of its current outstanding shares as treasury shares. The bank now has around 981 million shares outstanding. It is expected to spend over VND1.2 trillion purchasing some 49 million shares. Its share price on the Hochiminh Stock Exchange is around VND28,500.

* FPT Corporation (FPT) booked pre-tax profit of VND399 billion on revenue of VND2.25 trillion in July, up 31. 7% and 19.6% year-on-year, respectively.

* The State Treasury has raised nearly VND3.2 trillion from an auction of government bonds recently held by the Hanoi Stock Exchange. VND3.5 trillion worth of G-bonds, including 10-year, 15-year and 30-year bonds, were offered at the auction. From the start of the year, the State Treasury has raised more than VND142.2 trillion from G-bond sales.


Category: Business, Vietnam

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