Business Briefs 24 April 2019

24-Apr-2019 Intellasia | | 9:39 AM Print This Post

* Hoa Binh Construction Group JSC (HBC) plans to offer 25 million HBC shares in a private placement at VND23,000 each to Hyundai Elevator Co,. Ltd. later this year, The share sale is meant to raise its charter capital. These shares will not be tradable in one year from the date of the sale being closed. In addition, the company plans to issue more than 9.8 million shares for the 2018 dividend payment.

* Tri Viet Securities Joint Stock Corporation (TVB) plans to issue VND80 billion worth 8,000 inconvertible and unsecured bonds in a private placement on July 1. The-three-year bond will come with a face value of VND10 million each and an annual coupon of 10.53%.

* Vietnam Electric Cable Corporation (CAV) has chosen May 3 as the record date for the 2018 dividend payment in cash at 35%, or VND3,500 per share. The payment will be made on May 17.

* Vi Na Ta Ba Trading and Investment JSC, an affiliated organization of Nguyen Van Hanh, a member of the board of directors at Saigon Machinery Spare Parts JSC (SMA), bought more than 2.85 million SMA shares, or 15%, via the put-through trade on April 12, enabling it to become a major shareholder of SMA, Earlier, Vi Na Ta Ba did not own any SMA shares.

* Halcom Vietnam JSC (HID) plans to transfer its stake in Central Wind Power Investment and Development JSC (Cenwindco) at a maximum of 8.75 million shares, or 35% of its capital in Cenwindco at a price of not Ie s than VND11,000 per share in the second quarter of this year.

* Quoc Cuong Gia Lai JSC (QCG) has announced the dissolution of its HCMC-based subsidiary Hiep Phat Real Estate JSC due to it poor business performance.


Category: Business, Vietnam

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