Business Briefs 22 April 2019

22-Apr-2019 Intellasia | | 8:15 AM Print This Post

* Saigon Water Infrastructure Corporation (SII) has approved a plan to raise its charter capital to more than VND1 trillion by issuing more than 37.42 million shares for its existing shareholders. The firm has set a consolidated revenue target of VND467.9 billion for this year, down 8% from last year, and its after-tax profit is expected to surge 58% to VND65.67 billion.

* FPT Corporation (FPT) has announced its business results in the first quarter of the year, with revenue reaching nearly VND5.7 trillion and pre-tax profit totaling VND960 billion, a respective year-on-year increase of 19.3% and 23%.

* Bao Viet Securities Company, a major shareholder of TMT Motors Corporation (TMT), has sold 2.8 million TMT shares for VND29.68 billion. It now holds only five TMT shares.

* State Capital Investment Corporation (SCIC) offloaded its entire 702,000 shares, or a 0.77% stake, in Bao Minh Insurance Corporation (BMI) from March 19 to April 16.

* Le Dinh Thang, chairman of DIC 0.4 Joint Stock Company (DC4), acquired 460,000 DC4 shares between March 18 and April 10 to raise his ownership in the construction firm to 24.91%, or more than 2.73 million shares.

* Due Thanh Wood Proce sing JSC (GDT) plans to pay a 2018 cash dividend for shareholders at 15% from May 16. Last year, it made two cash dividend payments, 20% in August and 15% in December. It made VND389.83 billion in revenue and VND89 7 billion in after-tax profit last year, both up 8% over the previous year.

* Song Da Urban and Industrial Zone Investment and Development JSC (SJS) has announced to delay the 2016 cash dividend payment for its shareholders for the fourth time. The firm planned to make the payment on January 25 last year, but postponed it to April 20, 2018, October 1, 2018, April 15, 2019, and September 30,2019. The late payment was attributed to the firm’s lack of cash. It needs VND100 billion for the dividend payment but had only VND40 billion last year.


Category: Business, Vietnam

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