Business Briefs 22 Aug 2019

22-Aug-2019 Intellasia | | 8:55 AM Print This Post

* The Government has approved a list of 93 State-owned enterprises (SOEs) which will be equitized from now to the end of 2020. The Government will own at least 65% of the charter capital of four SOEs, namely the Vietnam Bank for Agriculture and Rural Development (Agribank), the Vietnam National Coal – Mineral Industries Holding Corporation, Vietnam Northern Food Corporation and Mineral One Member Company. State ownership in 62 other SOEs will range from 50% to below 65%.

* Joint Stock Company for Telecoms and Informatics (CTIN) has applied to float nearly 32.2 million shares on the Hochiminh Stock Exchange with a code of ICT. CTIN is the first firm to develop mobile network projects in Vietnam, said Viet Capital Securities Company.

* Vietnam Investment Fund II, a major shareholder of Gemadept Corporation (GMD), has announced to sell its entire 58 million GMD shares, equivalent to a 19.5% stake. Transactions will be made from August 23 to September 20. Earlier, the fund sold nearly 29.7 million GMD shares to reduce its ownership from 29.5% to 19.5%.

* Indochina Hoi An Beach Villas, a subsidiary of Bamboo Capital Group (BCG), on August 19 signed an agreement with United States hotel operator Radisson Hotel Group to manage its Malibu Hoi An project in Quang Nam under the commercial name Radisson Blu Hoi An.

* Le Tuan Anh, a son of General Director Le Thanh Thuan of Sao Mai Investment Group (ASM), has registered to buy five million ASM shares to adjust up his holding from 7.4% to 9.3%. Transactions will take place from September 3 to September 30. Meanwhile, Thuan is the biggest shareholder of the seafood group, owning over 46.7 million shares, equal to an 18% stake.

* Tri Viet Securities Company (TVB) has passed a plan to issue 24.28 million new shares for shareholders at the price of VND10,000. It will close the list of shareholders eligible for the issuance plan on September 4.

* Thien Long Group (TLG) has announced September 19 as the ex-dividend date to advance a 2018 second round dividend for shareholders in cash at 5%. It will make the payment from October 23.


Category: Business, Vietnam

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