Business Briefs 22 Jul 2019

22-Jul-2019 Intellasia | | 9:26 AM Print This Post

* C.E.O Group (CEO) plans to issue 102.9 million shares to existing shareholders at VND10.000 each to raise its registered capital to VND2.6 trillion. Its net profit is estimated at VND226.9 billion in the first half of this year, 51 % of the full-year target. Its revenue may reach VND2.43 trillion in the period, 70% of the full-year plan.

* The Vietnam Rubber Industry Group (GVR) has approved a plan to pay a cash dividend of 2.5% for 2018, meaning investors can receive VND250 for each share owned. With four billion shares in circulation, the group expects to spend VND 1 trillion, with the payment date expected on August 26.

* KOSY Company (KOS) has received approval from the Hochiminh Stock Exchange to move 103.75 million shares to the southern market from the market for unlisted public firms, or UPCoM. The firm’s shares will be traded at a starting price of VND23,200 from July 22. KOS traded 41.5 million shares for the first time on the UPCoM at a starting price of VND15,800 in 2017.

* Military Commercial Bank (MBB) is looking to sell 7.5% of its capital to foreign investors this year, equivalent to 123 million new shares and 38.9 million treasury shares. The bank is working on a plan to increase its capital and expand its business operations in the next three years, including investment in digital banking.

* Viet jet Air (VJC) has launched a new route connecting Nha Trang City and Busan, South Korea’s seaport city. This is the first Vietnamese carrier to operate the direct service between the two destinations, marking the airline’s ninth service between Vietnam and South Korea.

* Yurie Vietnam Securities Investment Trust has offloaded 5.75 million shares in PetroVietnam Transportation Company (PVT) to cut its ownership from 5.9% to 3.9%, or around 11.06 million shares.

* Do Thanh Technology Group (DTT) has chosen July 23 as the ex-dividend date to pay a 2018 cash dividend of 6%. It will make the payment from August 5.


Category: Business, Vietnam

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