Business Briefs 24 May, 2018

24-May-2018 Intellasia | | 5:12 PM Print This Post

* Hoa Binh Construction Group Company (HBC) will make a dividend payment at a 55 percent ratio for 2017 on the record date of May 30. Of the amount,

HBC will pay a cash dividend ofVND500 per share for 2017 and a share dividend at a 5-for-l0 ratio. Currently, the firm has 129.85 million shares. The company will make the payment on June 28. HBC said its consolidated net profit fell 25 percent year-on-year to VND135.4 billion in the first quarter of this year while its revenue increased 10.3 percent to VND3.34 trillion.

* Phuoc Hoa Rubber Company (PHR) has sold over 2.8 million treasury shares at an average price ofVND42,000 each, raising over VND 118 billion. PHR is going to issue 54.2 million bonus shares for shareholders at a three-for-two ratio next month.

* Trang Corporation (TFC) aims for a net profit ofVND15 billion on revenue ofVND510 billion in 2018. In the first quarter of2018, TFC incurred a loss ofVND9.5 billion, compared to a loss ofVND6.9 billion in the same period of 2017. As of May 2, foreign and domestic shareholders owned a 33.4 percent stake and a 66.6 percent stake in TFC respectively.

* Ph am Thi The, a board member and deputy general director of Quang Ninh Cement and Construction Company (QNC), and Nguyen Ngoc Anh, chief accountant of the company, have registered to buy eight million and five million shares of QNC respectively. Transactions are scheduled to take place from now to June 15. Earlier, Konex Limited announced to offload its entire holding of 5.8 million shares, or a 23.16 percent stake, in the enterprise. QNC share price is around VND4,000 on the Hanoi market

* Dabaco Vietnam Group (DBC) will establish a subsidiary to manage a livestock complex in Tuyen Quang Province. The firm is capitalised at VND50 billion.


Category: Business, Vietnam

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