Business Briefs 20 Sep 2018

20-Sep-2018 Intellasia | | 8:50 AM Print This Post

* Due Long Gia Lai Group Company (DLG) is seeking permission to invest in five resorts and industrial zones in Ba Ria-Vung Tau Province. The projects are comprised of Binh An-Phuong Buu resort, Loc An ecological tourism complex, Suoi Ot resort and two industrial zones. In 2018, DLGwill also implement build-transfer (BT) projects in HCMC with a total investment ofVND7 trillion and receive a combined area of 500 hectares in exchange, said Viet Capital Securities Company. The firm has plans to develop apartment buildings, offices, affordable houses and shoppingcenters on the area in the next five to 10 years.

* Le Van Tam, chairman of Lam Son Sugar Corporation (LSS), has bought over 319,000 shares of the firm out of one million shares as registered from August 13 to September 11. After the transactions, Tam raised his holdings in LSS to 3.4%, or 2.39 million shares, from the previous 2.95%.

* Tien Giang Investment and Construction Company (THG) will close its shareholder list on September 27 to advance a 2018 cash dividend at 12%. The firm is expected to spend VND 15.8 billion on the dividend payment given its outstanding volume of 13.2 million shares.

* Vinacomin has registered to buy over 4.5 million shares ofVinacomin – Coc Sau Coal Company (TC6), equal to a 14% stake, to raise its ownership to over 21.1 million shares, or a 65% stake. Vinacomin offers to buy the shares at VND4,600 each. Transactions will be done from now to October 31. Early this year, Vinacomin purchased shares to raise its holdings at Nui Beo Coal Company and Deo Nai Coal Company to 65%.

* ILA Company (ILA) has decided to issue five million shares via a private placement for fewer than 10 investors. The selling price is not lower than VNDI0,000 each. Chairman Than Xuan Nghia will register to buy two million shares out of the total volume.

* Vietnam Trading and Construction Development Investment Company (MBG) has announced to in e t D15 billion in PJACA Phu Yen Company, securing a 15% stake in the latter. Capitalized at VND20B billion, MBG operates in the building materials and construction sectors.



Category: Business, Vietnam

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