Business Briefs 24 May 2019

24-May-2019 Intellasia | | 8:32 AM Print This Post

* Japan’s Taisho Pharmaceutical Holdings Co., Ltd. bought an additional 300,000 shares in DHG Pharmaceutical JSC (DHG) from May 15 to 17, raising its holding in DHG to over 66.69 million shares, or 51.01 %.

* Vietnam Airlines JSC (HVN) has chosen June 3 as the record date for the 2018 dividend payment in cash at 10%. The payment will be made on June 28.

* Tien Phong Commercial Joint Stock Bank (TPB) plans to buy back 24 million own shares, equal to 2.8% of its charter capital. The estimated transaction date is on June 10.

* The Ton Poh Fund offloaded 200,000 shares in Saigon Cargo Service Corporation (SCS) on May 16. The transaction lowered its holding in SCS to 2.36 million shares, or 4.73%, so the Thai fund is no longer a major shareholder of SCS.

* Phat Dat Real Estate Development Corp. (PDR) plans to issue 5,500 non-convertible, secured bonds in the second and third quarters of this year. The five-year debt will have a face value of VND 100 million per bond and carry an estimated coupon of 10.5% in the first year.

* The Hochiminh Stock Exchange will put the shares of Hoang Long Group (HLG) on the special watch list as from May 27. The group was found to have continued violating the regulations on information disclosure after being put under supervision earlier.

* Individual investor Vu Quoc Vuong sold 1.5 million shares in Thanh Thanh Cong Tourist JSC (VNG) on May 16. The transaction reduced his holding in VNG to 3.7 million shares, or 4.42%. He is now no longer a major shareholder of VNG.

* TNG Investment and Trading JSC (TNG) reported that its net profit in April soared 40.83% from a year earlier to VND12.7 billion while its net revenue climbed 32.75 year-on-year to VND295.68 billion. TNG made a net profit of VND50.02 billion on net revenue of VND1.1 trillion in the first four months of this year, which jumped 62.67% and 33.9% year-on-year, respectively.


Category: Business, Vietnam

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