Business Briefs 20 May 2019

20-May-2019 Intellasia | | 9:33 AM Print This Post

* Truong Thanh Furniture Corporation (TTF) has announced the merger of Thien Thanh Sanitary Ware JSC into the firm. The merger is slated for May 21. TTF is planning to issue 96.6 million TIF shares to shareholders of Thien Thanh Company at a swap ratio of 8.21- for-1, meaning that the shareholders will get 8.21 TIF shares for every share of Thien Thanh Company held. After the issuance, the firm will raise its charter capital from VND2.15 trillion to VND3.11 trillion.

* Vo Thanh Viet, a board member of Thuong Phu Coffee JSC (CTP), sold 404,000 CTP shares out of the total registered volume of 2.65 million shares from Aprill0to May 9. Currently, he still holds over 2.59 million CTP shares, or 21.44%.

* Viet Dragon Securities Corporation (VDS) has passed a plan to issue VND600 billion worth of inconvertible bonds at the par value of VND1 million each. The bonds will have a tenor of one year and carry an interest rate of 9.5% per year.

* Truong Anh Tuan, chairman of Hoang Quan Consulting-Trading-Service Real Estate Corporation (HQC), has bought 10 million HQC shares, raising his holding in HQC from 20.35 million shares to 30.35 million, or 6.37% of the total.

* Nguyen Thi Mai, a large shareholder of Tu Liem Urban Development JSC (NTL), has sold more than 963,000 NTL shares. The transaction cut her ownership in NTL to 11.62 million shares, or a 17.78% stake.

* Le Tuan Nghia, general director of 1369 Construction JSC (C69), has registered to buy 430,000 C69 shares between May 20 and June 18 while Vuong Anh Tuan, vice chairman of the firm, will purchase 500,000 C69 shares during the same period. Nghia and Tuan currently own no shares in C69.

* Shimabukuro Yoshihiko, a board member of PGT Holdings JSC (PGT), has registered to purchase one million PGT shares from May 17 to June 5.

* Truong Thi Lan, mother of Duong Ngoc Hai, a board member of DRH Holdings JSC (DRH), is planning to buy six million DRH shares, or 9.84%, from May 21 to June 19.


Category: Business, Vietnam

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