Business Briefs 22 February 2019

22-Feb-2019 Intellasia | | 9:37 AM Print This Post

* Development Investment Construction Corporation (DIG) will close its shareholder list on March 1 to issue an additional 47.6 million shares at a 0.188-for-1 ratio. The share price is fixed at VND13,000. DIG plans to use the proceeds, probably VND619.3 billion, to finance a property project in Dong Nai Province. Besides, the firm will advance a 2018 cash dividend of 7% for shareholders.

* Vietnam National Petroleum Group (PLX) will be selling 12 million treasury shares from February 27 to March 18 after failing to offload the shares, during the registered period between January 7 and February 1. The enterprise now has over 135 million treasury shares.

* VNDirect Securities Company, a major shareholder of Hoi An Tourism and Service Company (HOT), will sell all of its 964,000 HOT shares from February 22 to March 21.

* Nguyen Minh Tuan, deputy general director of Viglacera Corporation (VGC), has registered to buy one million VGC shares in put-through transactions from now to March 21. Tuan is holding 708,000 shares in the building material enterprise.

* Minh Phu Seafood Corporation (MPC) has passed a plan to pay a 2018 dividend of 50% in cash, meaning that shareholders will get VND5,000 for each share held. Given the total outstanding volume of 137.5 million shares, MPC will spend VND687.8 billion on the dividend payment.

* Real estate enterprise Netland (NRC) plans to sell nine million shares to the public at VND 10,000 per share. The firm aims to raise VND90 billion to invest in a project in Ba Ria City.

* TNG Investment and Trading Company (TNG) said its net profit jumped 78.5% year-on-year to VND19.3 billion in January. Its revenue surged 63.4% to over VND349 billion in the month.

* Pham Van “hang, general director of Licogi 13 Company LIG, has registered to buy 300 000 LIG shares from now to March 20. Thang is holding over 2.1 million shares, or a 5.1 % stake.

* Hoang Anh Quyet, chairman of Tien Trung Technology and Construction Investment Company (TTZ), will be buying over 339,000 TTZ shares between now and March 18. Quyet now has over 160,000 shares at TTZ, equivalent to a 2.1 % stake.


Category: Business, Vietnam

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