Business Briefs 24 Jul 2019

24-Jul-2019 Intellasia | | 8:49 AM Print This Post

* FLC Group JSC (FLC) has announced a plan to transfer its entire capital of VND50 billion, or a 100% stake, in FLC Holiday Service Trading Company. The transfer date is slated for this third quarter. FLC Group on July 21 broke ground for a high-end 15-hectare urban complex La Vista Sadec in Dong Thap Province, marking an important milestone for its operations in the southern region.

* American Vietnamese Biotech INC (AMV) will close its shareholder list on August 12 0 pay a 2018 cash dividend at 20%. The payment date is slated for October 1. In 2019, AMV targeted revenue of VND850 billion, up 89% year-on-year pre-tax profit of VND250 billion and after-tax profit of VND230 billion, up 5% against last year.

* PetroVietnam Power Nhon Trach 2 JSC (NT2) has announced in its second quarter financial report that its net revenue amounted to over VND2.1 trillion, up 6% year-on-year. However, it made an after-tax profit of a mere VND208 billion, dropping 22.5%. In the first six months of the year, its cumulative net revenue reached VND4 trillion, equivalent to the year-ago figure, and the firm’s after-tax fell 23% to VND387 billion.

* KIDO Group (KDC) has reported that its net revenue tumbled 20.8% to over VND 1.6 trillion in the second quarter of the year, but the firm’s before-tax and after-tax profits rocketed 81.5% and 130%, respectively, year-on-year, to VND91.3 billion and VND70 billion.

* The board of directors of Create Capital Vietnam Joint Stock Company (CRC) has passed a plan to offload its entire 1.64 million shares of KonTum Construction Materials Supply and Production JSC,, or a 49.8% stake in the company.

* Kasati Joint Stock Company (KST) has chosen July 29 as the ex-dividend date to pay a 2018 cash dividend of 15%. The record date will be July 30 and the payment date is slated for August 19.

* Cao Thi Ngoc Suong, Wife of Bui Thanh Nhon, who serves as chairman of No Va Land Investment Group Corporation (NVL), has bought over 2.2 million NVL shares, or 0.23% stake. Prior to the purchase, Suong held no NVL shares.

* Bui Minh Tuan as a board member of Transimex Corporation (TMS) has registered to buy one million TMS shares between July 23 and August 21. The purchase will raise his holding in TMS to over 6.96 million shares, or a 12.85% stake.

 


Category: Business, Vietnam

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