Business Briefs 23 Sep 2019

23-Sep-2019 Intellasia | | 8:54 AM Print This Post

* The VinaCapital Vietnam Opportunity Fund (VOF) has completed divesting capital from Vietjet Aviation JSC (VJC). VOF had earlier invested some US$20 million in VJC in an initial public offering in December 2016 and later bought US$18 million worth of VJC shares. After the divestment, VOF earned some US$80 million.

* Vietnam’s foreign reserves have hit a record high of nearly US$70 billion, according to a report by SSI Securities Corporation. The foreign reserves were expected to increase further in the coming periods thanks to an optimistic outlook for trade, disbursed foreign direct investment and remittances.

* Hoang Anh Dung, general director of Ninh Van Bay Travel Real Estate JSC (NVT), has registered to buy 25 million NVT shares via matching-order and put-through transactions from September 18 to October 17. Dung currently holds merely 51,420 NVT shares or 0.05%. If the transactions are done, his ownership at the company would increase to 27.68% and he would become the largest shareholder of NVT.

* Hoa Binh Rubber JSC (HRC) has announced that Vo Thi Thuy had tendered her resignation from the post of member of HRC’s board due to personal reasons. In 20 4, she was appointed as a member of HRC’s board but she tendered her resignation on June 18 last year. At HRC’s annual shareholder meeting at the end of April, Thuy was once again picked as a board member. If her resignation letter is approved, she will hold the post of HRC deputy general director only.

* Landmark Holding JSC (LMH) will consult with its shareholders over a plan to entirely lift the foreign ownership cap at the company and remove some of its business lines. Shareholders will be consulted from October 10 to November 12.

* Vo Anh Thai, chairman of Thai Duong Petrol JSC (TDG), and Le Minh Hieu, general director of the company, have registered to buy one million TDG shares each via matching-order and put-through transactions from September 24 to October 23. If the transactions are successful, Thai’s ownership at TDG will rise to 2.09 million shares or a 12.48% stake, while Hieu will hold over 2.44 million TDG shares, or 14.56%.


Category: Business, Vietnam

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