Business Briefs 21 Jun 2019

21-Jun-2019 Intellasia | | 8:12 AM Print This Post

* Tran Dinh Long, board chairman at Hoa Phat Group JSC (HPG), has registered to buy some 5.5 million HPG shares between June 21 and July 19 to increase his ownership to 700 million shares, or a 25.35% stake, from the current 694 43 million shares, or 25.15%. Meanwhile, his wife Vu Thi Hien will buy an additional 849,249 HPG shares to raise her ownership to 202 million HPG shares in the same period.

* Hoang Huy Investment Financial Services JSC (TCH) at a recent annual general meeting passed a plan in which its revenue and after-tax profit targets for 2019 are VND1.2 trillion and VND500 billion, 0.5 time higher than the 2018 figures. TCH will pay a 10.5% dividend, according to

* State-owned Vietnam National Chemical Group (Vinachem) has approved a scheme to sell its entire stake ill the Southern Fertilizer JSC (SFG). Vinachem will auction over 13.9 million SFG shares, or 29.05% of SFG’s total, on the Hochiminh Stock Exchange, with the reserve price set at VND31,072 per share.

* Do Van Binh, vice chairman at Song Da Urban & Industrial Zone Investment and Development JSC (SJS), will buy 2.5 million SJS shares from June 20 to July 19 via put-through deals. He will raise his holding in SJS to 20.6 million shares, or an 18% stake, after the purchase is complete.

* VSD Investment JSC bought more than 4.6 million shares in Saigon Machinery Spare Parts JSC (SMA) on June 13, becoming a large shareholder of SMA. The former owned no SMA shares prior to the transaction.

* Hoang Anh Gia Lai Agricultural JSC (HNG) has decided to transfer its entire stake in Indochina Rubber Investment and Development Co., Ltd. to Thadi Indochina Agriculture Processing and Distribution JSC.

* LDG Investment JSC (LDG) has passed a plan to sell all its shares in Suoi Mo Tourism Investment JSC for a total of over VND300 billion.

* Nguyen Huy Quang, vice board chairman at MST Investment JSC (MST), will sell two million MST shares from June 20 to July 18 via put-through deals. He now holds over four million MST shares, or 11.45%.


Category: Business, Vietnam

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