Business Briefs 24 July 2018

24-Jul-2018 Intellasia | | 7:57 AM Print This Post

* Vietnam Dairy Products Company (VNM) has announced to acquire a 51 % stake at Lao- lagro Development Xieng Khouang Company to develop a high-tech milk cow complex in Laos. The project has the total investment of over US$38.7 million.

* HCMC Securities Corporation (HCM) posted first-half results last week with the total revenue increasing 98% to VNDI trillion, of which 44% was made up of brokerage fees. Within that, institutional brokerage fees grew strongly by 143% to VND 179 billion.

* Dam Sen Water Park Corporation (DSN) said its net profit increased 11.9% year-on-year to VND38.5 billion in the second quarter of this year. The firm’s revenue climbed 15% to VND77.9 billion in the period.

* Van Dien Fused Magnesium Phosphate Fertilizer Company (VAP) said its net profit dropped 13.6% to VND12.2 billion in the second quarter of this year. The firm’s revenue declined 18.7% to VND231 billion in the period. VAP made a net profit ofVND33.4 billion on revenue ofVND682 billion in the first half of this year, down 2.2% and 3% year-on-year, respectively.

* Duyen Hai Quang Ninh last week offered over 1. 7 million shares, or a 90.41 % stake, to the public at the reference price ofVND15,100 each.

* Sai-Gon – Mien Trung Beer Company (SMB) will move its listing of over 29.8 million shares to the Hochiminh Stock Exchange, from the current market for unlisted public enterprises, or UPCoM. SAB was established by the merging of three brewery firms namely Sai Gon – Quy Nhon, Sai Gon – Phu Yen and Sai Gon – Daklak. It debuted on the UPCoM in September 2010.

* Nghe An Water Supply Company will auction over 9.3 million shares on the Hanoi Stock Exchange today at the starting price ofVND10,300 per share. There are seven individual investors registering to buy 17.3 million shares of the enterprise.

* Saigon Cargo Service Company (SCS) plans to debut on the Hochiminh Stock Exchange at the end of July. SCS share price is now more than VND166,000 each share on the UPCoM. SCS is active three main fields including cargo terminal service, parking lot leasing and property.


Category: Business, Vietnam

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