Business Briefs 23 Oct 2018

23-Oct-2018 Intellasia | | 7:40 AM Print This Post

* The Hanoi Stock Exchange last Friday announced that it had received no bidders for Vietcombank’s (VCB) auction of 45.6 million shares in Eximbank (EIB) with a starting price ofVND14,497 a share planned for today. The current system requires bidders to register and place a deposit by October 15 before registering price and volume indications. Thus, without any registered bidders, the auction scheduled for October 22 was cancelled. Previously, on October 15, VCB held an auction for 53.4 million shares of Military Bank (MBB) with a starting price ofVND19,641 a share. However, only 10,000 shares were successfully sold to an individual investor, equivalent to a success rate of 1.9%.

* FPT Corporation (FPT) has announced business results in the January-September period with after-tax profit reaching VND1.8 trillion, up 21 % year-on-year, as all core operations, including software outsourcing, telecom and education, continued strong growth. The telecom services saw a double-digit broadband subscriber expansion and dwindling losses from the pay television service.

* Truong Thanh Real Estate and Construction Company (TEG) has decided to transfer its 50% stake in a stone mining project in Binh Dinh Province at not lower than VND30 billion. The plan will be conducted within this year.

* Nam Viet Corporation (ANY) said its consolidated net profit jumped 3.4 times year-on-year to over VND114 billion in the third quarter of this year thanks to increases in gross profit and financial incomes. Its revenue soared 42.6% to around VND1 trillion in the quarter.

* Nguyen Ho Nam, chairman of Bamboo Capital Company (BCG), has registered to buy over 2.7 million shares ofBCG within 30 days starting October 23. Once completed, he will increase its stake to 10.11%, or over 10.9 million shares.

* Binh Duong Trading and Development Company (TDC) has announced October 29 as the ex-dividend date to pay a cash dividend for shareholders at 11%. It will make the payment on.Novernber 22.

* Dabaco Group Company (DBC) said its consolidated net profit dipped 1.2% year-on-year to VND153.8 billion in the third quarter of this year. Its revenue climbed 10.5% to VND1.86 trillion in the period.


Category: Business, Vietnam

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