Business Briefs 23 Aug 2019

23-Aug-2019 Intellasia | | 9:06 AM Print This Post

* The Hochiminh Stock Exchange (HOSE) has said its first half pre-tax profit declined by almost half year-on-year to VND200 billion, meeting 31 % of its full-year plan. In the first six months of 2019 HOSE booked VND 325 billion in revenue, down VND223 billion from last year. The stock trading fee cuts were ascribed to the bourse’s lower revenue. Listed on HOSE as of June 30 were 377 company stocks, 53 corporate and local government bond and two closed-fund certificates.

* Thanh Thanh Cong-Bien Hoa Company (SBT) plans to issue VND2.4 trillion worth of convertible bonds in a private placement. The debt will come with a minimum term of three years and a face value of VND1 billion per bond. The yield will be negotiated with investors. SBT also plan to add eleven new business lines,mainly in the livestock and cultivation fields, excluding sugarcane, thus increasing the total number of its business fields to 42. The sugar firm approved a plan to buy two million shares, or a 41.65% stake, of Tan Dinh Import-Export JSC (Tadimex). After the purchase, Tadimex will become an affiliate of SBT.

* PetroVietnam Gas Corporation (GAS) has announced to pay its remaining 2018 cash dividend of VND1,300 per share and advance a 2019 cash dividend of VND1,000 per share. The ex-dividend date is August 29 and the payment date is set for September 30. This is the first tranche of the company’s total 2019 cash dividend guidance of VND3,000 per share.

* Ocean Hospitality & Service Company (OCH) had an audited consolidated loss of VND53.6 billion on revenue of over VND403 billion in the first half of this year, compared to a loss of VND27.5 billion on revenue of VND409.9 billion in the first half of 2018. Ocean Group (OGC) has registered to buy 6.8 million OCH shares between August 20 and September 16. Earlier. OGC bought two million shares of OCH between June 18 and July 10, raising its holding in OCH to 56.5%.

* Phan Thi Mai Lan, vice chairwoman of CEOO Group (CEO), has registered to sell 800,000 CEO shares from now to September 20 via put through trade. Currently, Lan now owns 1.18 million shares in the property group, equal to a 0.46% stake.


Category: Business, Vietnam

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