Business Briefs 22 Oct 2018

22-Oct-2018 Intellasia | | 9:30 AM Print This Post

* Tan Binh Import- Export Corporation (TIX) will close its shareholder list on November 2 to pay a 2018 second round cash dividend of 10%, with payment scheduled for December 14. Besides, it will issue 3.6 million shares at a 3-for-22 ratio and the selling price ofVND25,000 per share. TIX plans to raise VND90 billion from the issuance to pay a land use fee for Milky Way condo project in HCMe’s Binh Tan District.

* Seaprodex Refrigeration Industry Corporation (SRF) has armounced to buy back over 762,000 shares as treasury shares, equal to 2.3% of its outstanding volume. The buying price will be based on the market price, which is around VND14,000 at present. The purchase aims to help investors improve profitability.

* Pyn Elite Fund has offloaded nearly 2.1 million shares ofDuc Long Gia Lai Company (DLG) to cut its ownership to 28.2 million shares, or a 9.9% stake.

* Sai Gon ThuongTin Real Estate Company (SCR) has chosen October 23 as the ex-dividend date for shareholders to receive a share dividend of 7%. It will issue nearly 22.2 million shares for the payment.

* Song Da 11 Company (SJE) plans to offer 6.93 million shares to existing shareholders at a 6-for-l0 ratio, raising nearly VND104 billion to spur its chartered capital to VND184.8 billion. SJE will sell the shares at VND15,000, roughly a half of its current market price. It will use the proceeds to develop a solar power plant project.

* Song Da Urban Development and Construction Investment Company (SDU) has decided to issue 10 million shares, thereby doubling its chartered capital to D300 billion. SDU will carry out the issuance at the end of the end of2018 or early 2019. It will use the proceeds to invest in a project in Hanoi City and supplement working capital.

* Nguyen Nhan Kiet, a major shareholder of Sai Gon Seafood Export-Import Company (SS), has offloaded one million shares of the enterprise to cut his stake to 14.2 million shares, or 35.9%.

* Thanh Thanh Brick Company (TIC) saw its revenue rising 17% year-on-year to VND109.5 billion in the third quarter of2018 but its net profit declined 15% at VND4.8 billion.


Category: Business, Vietnam

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