Business Briefs 22 May 2019

22-May-2019 Intellasia | | 9:13 AM Print This Post

* Japanese realty firm Samty Asia Investments Pte. Ltd. clinched an agreement with Phat Dat Corporation Real Estate Development (PDR) to invest US$22.5.million in the Vietnamese firm. The investment is expected to fund PDR’s ongoing projects. PDR plans to issue VND 100 billion worth of secured nonconvertible bonds in a private placement in the second tranche between the second and the third quarter of this year. The one-year notes will be offered at a face value of VND1 billion each and carry a fixed coupon rate of 12% per year with semi-annual payments.

* Vietnam Electricity Construction Joint Stock Corporation (VNE) targets to earn net profit of VND37 billion on revenue of VND1.21 trillion in 2019, down 15% and up 67% respectively, over the previous year. The firm plans to make a dividend payout ratio of 5% for 2019.

* Lam Son Sugar Joint Stock Corporation (LLS) has chosen May 30 as the record date for the 2017 and 2018 dividend payment in cash at 7% or VND700 per share. The payment will be made on June 7.

* Hoang Huy Investment Services JSC (HHS) plans to transfer its entire 10 million shares in Hoang Hiep Investment Construction Corporation to Vu Dinh Thang, who serves as general director of Hoang Hiep, at a price of VND10,205 each. The transfer is expected to take place this month or next.

* Vietnam National Chemical Group (Vinachem) is slated to auction more than 4.2 million shares of Sao Yang Rubber JSC (SRC), equal to 15% of SRC’s charter capital, at a starting price of VND46,452 per share on the Hochiminh Stock Exchange on June 4.

* Le Thi Kim Chinh, general director of Dalat Real Estate JSC (DLR), is seeking to purchase more than 226,000 DLR shares via order-matching and put-through transactions until June 14. She currently holds over 252,000 shares, or 5.6% of the firm.


Category: Business, Vietnam

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