Business Briefs 24 April, 2018

24-Apr-2018 Intellasia | | 5:00 PM Print This Post

* Maybank Kim Eng Securities Company has raised its chartered capital from VND829 billion to VND1,056 billion. Since its debut inVietnamin December 2007 with total chartered capital of VND 200 billion, the brokerage has increased its capital four times by more than 400%. The latest capital injection will help the firm improve its competitiveness and product offerings. In particular, with more than VND 1 trillion, it can now enter a new market to offer covered warrants.

* Viet jet Aviation Company (VJC) has raised its 2017 dividend from 50 percent to 60 percent due to its better-than-expected business performance. It advanced the 2017 cash dividend payment at 30 percent and it is going to pay the remaining 30 percent dividend by shares. Currently, the airline has 55 aircraft and operates 385 flights a day. It has 82 routes inVietnamand to regional destinations such asThailand,Singapore,South Korea,Taiwan,Hong Kong,China,Malaysia,Indonesia,MyanmarandCambodia.

* Vietnam National Seed Company (NSC) targets a net profit of VND217 billion from revenue ofVND1.63 trillion in 2018, up 6.9 percent and 8.3 percent against last year respectively. NSC plans to invest at least VND220 billion in mergers and acquisitions this year. It would continue raising its shareholding in Southern Seed Corporation (SSC) this year. Besides, the seed producer has received approval to pay a share dividend at a 100-for-15 ratio to raise

its registered capital to VND 175.9 billion.

* Sao Mai Group Corporation (ASM) bought 21.5 million shares of In ternational Development & Investment Corporation (IDI) out of 50 million shares registered from March 16 to April 13, raising its ‘stake in IDI to 51.14%, or 92.87 million shares.

* Imexpharm Corporation (IMP) said its net profit jumped 27 percent year- on-year to D32.8 billion while its revenue rose 12.8 percent to VND253 billion in

the fir quarter of 2018. The firm targets a pre-tax profit of VND190 billion from revenue ofVND1.4 trillion in 2018. IMP also plans to make a dividend payment of 15 percent to 18 percent of par value this year.

 

Category: Business, Vietnam

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