Business Briefs 23 April 2019

23-Apr-2019 Intellasia | | 11:20 AM Print This Post

* Ha Do Group JSC (HDG) plans to issue VND1.5 trillion worth of convertible bonds in a private placement in the second quarter of this year. The three year bond will have a face value of VND1 billion each and carry a coupon of6% per year. The notes will be converted into shares at VND55,000 per share. HDG wants to use the proceeds to invest in its projects and the renewable energy field.

* Phu Tai JSC (PTB) said its consolidated net profit in the first quarter of 2019 rose 13% from a year earlier to roughly VND85 billion. Its consolidated revenue rose 25% year-on-year to over VND1.22 trillion in the quarter. PTB targets a consolidated pretax profit of VND149 billion on consolidated revenue of VND1.32 trillion in the second quarter of this year, up 29% and 36% year-on-year, respectively.

* FPT Corporation (FPT) announced it will pay the remaining 2018 cash dividend of VND1,000 per share. The record date is May 20 and the payment date is expected to be June 7. The company will also issue bonus shares at a ratio of 10:1 in June 2019.

* VietJet Aviation JSC (VIC) has chosen April 24 as the record date for the second phase of the 2019 dividend payment in cash at a payout ratio of 10% par value, equivalent to VND1,000 per share. The payment will be made on May 10.

* Toan Viet Investment JSC, a major shareholder and an organization related to Chairman of Transimex Corporation (TMS) Bui Tuan Ngoc, purchased more than 307,000 TMS shares via order-matching and put-through transactions between March 15 and April 12, Upon the transactions, Toan Viet raised its stake in TMS to over 6,26 million shares, or 13.19%.

* Nguyen Dang Quang, the husband of Nguyen Thi Ngoc Bich, deputy general director of Hang Xanh Motors Service JSC (HAX), offloaded his entire shares totaling more than 155,000 units, or 0.44% via the put through trade from April 1 to 12.


Category: Business, Vietnam

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