Business Briefs 24 Jun 2019

24-Jun-2019 Intellasia | | 9:49 AM Print This Post

* Nguyen Thanh Son, former board member at Seaprodex Refrigeration Industry Corporation (SRF), will be selling 6.5 million SRF hare from June 20 to July 17 to cut his holding in SRF to some 1.3 million are. Earlier, he failed to sell the said volume of shares between May 16 and June 14.

* Travel Investment and Seafood Development Corporation (DAT) has chosen June 24 as the ex-dividend day to pay the 2018 dividend of 5% in shares, which means DAT will issue over two million new shares.

* Sai Gon Thuong Tin Real Estate JSC (SCR) has approved a plan to issue VND300 billion worth of bonds in a private placement a par value of VND1 billion each. The 36-month bond is scheduled for issuance in July.

* BZZ Investment JSC, a large shareholder of GTNFood JSC (GTN), offloaded all its 17.5 million GTN shares, or a 7% take, via put-through deals on June 4.

* Cuu Long Petro Urban Development and Investment Corporation (CCL) has chosen June 27 as the ex-dividend date to pay the 2017 cash dividend of 2% to its shareholders. The payment will be made from July 24.

* Dao Thi Hai Yen has become a large shareholder at Saigon Machinery Spare Parts JSC (SMA) after she bought over 2.14 million SMA shares, or an 11.27% stake. She owned no SMA shares prior to this acquisition.

* The management of No Va Land Investment Group Corporation (NVL) on June 19 passed a plan to invest an additional VND200 billion in Nova Saigon Royal Co., Ltd to raise NVL’s holding to more than VND520 billion, equivalent to a 99.99% stake, in the latter.

* The management of SARA Vietnam JSC (SRA) will present a business plan for 2019 at an upcoming general shareholder meeting, with revenue targeted at VND350 billion, down 11 % year-on-year, and after-tax profit at VND110 billion, up 5% against the 2018 figure.

* Nguyen Thi Thuy, board member at Thuong Phu Coffee JSC (CTP), could not offload her entire 1.045 million CTP shares, or an 8.64% stake, from May 15 to June 14 as previously registered.


Category: Business, Vietnam

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