Business Briefs 24 January 2019

24-Jan-2019 Intellasia | | 9:16 AM Print This Post

* The Hochiminh Stock Exchange has announced a new stock basket for the VN30-Index. Accordingly, EIB, HDB, TCB, and VHM will be added while BMP, KDC, HSG, and PLX will be removed from the basket. The changes will go into effect on the first Monday of February, which is February 4.

* Refrigeration Electrical Engineering Corporation (REE) plans to issue over 2,300 corporate bonds via a private placement in the first quarter of this year. The 10-year bonds will have a face value of VND1 billion and carry an interest rate equal to the government bond yields plus a maximum 7.3% per annum. REE will use the proceeds to supplement capital for its property projects.

* Coteccons Construction Company (CTD) plans to issue 900,000 shares for employees at the selling price of VND56,000. The new shares will be banned from transfer within two years

* Tran Due Loi, chairman of De Tam Company (DTA), has registered to buy one million DTA shares from now to February 22. After the transactions, Loi will spur his ownership to over 1.6 million shares, or 9.6%.

* Lix Detergent Company (LIX), which is 51 % owned by Vietnam National Chemical Group (Vinachem), said its net profit inched up 3.9% year-on-year to nearly VND35.3 billion in the fourth quarter of last year. Its revenue rose 5.4% year-on-year to VND578 billion in the period.

* T.T.A Investment Company, a major shareholder of Saigon Garment Trade and Production Company (GMC), will buy two million shares of GMC between January 24 and February 22. The investor wants to raise its holding at the firm to 19.97%, or over 2.7 million shares.

* Tien Phong Plastic Company (NTP) said its consolidated net profit fell 32.7% against 2017 to VND331.5 billion last year due to the higher costs. Notably, NTP’s financial costs surged 40.4% to VND107.6 billion in the year.

* Nguyen Kim Investment and Development Company has bought over 760,000 shares of Lam Dong Pharmaceutical Company (LDP) to secure a 33.7% stake in the enterprise, equal to over 2.6 million shares.

* Doan Ngoc Hoan, general director of Vietnam Investment Securities Company (IVS), has sold 600,000 IVS shares to cut his holding to 0.59%.


Category: Business, Vietnam

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