Business Briefs 25 February 2019

25-Feb-2019 Intellasia | | 9:02 AM Print This Post

* Mirae Asset Vietnam Securities Company (MAS) has announced a plan to issue VND400 billion worth of bonds in a private placement to increase its working capital. The debt will have a face value of VND1 billion per bond, according to Last year MAS revised up its registered capital to VND4.3 trillion, becoming one of the country’s three largest securities companies by registered capital. MAS made VND199.5 billion in net profit in 2018, up 66.4% from 2017, while its revenue jumped 139% to VND560.9 billion.

* Singaporean fund Ardolis Investment Pte Ltd has adjusted up its ownership in domestic consumer goods firm Masan Group (MSN) to 5.67% from the previous 4.47% after its acquisition of nearly 14 million MSN shares on February 14. At the average price of VND84,000, Ardolis Investment Pte Ltd spent around VND1.17 trillion on the new MSN shares.

* Development Investment Construction Corporation (DIG) has passed a plan to offload its entire 600,000 shares at Song Da- Ha Noi Company within the first quarter of2019. Transactions will be made via put-through at the selling price of VND7,600 per share.

* Duong Tri Hoi deputy general director of Petro Vietnam Fertilizer Corporation (DPM), has registered to sell his entire 115,000 DPM shares from now to March 23. In a related development, DPM has announced February 27 as the ex-dividend date for shareholders to receive a 2018 first round dividend of 5% in cash.

* Dao Thuy Duyen, a relative of board member Nguyen Viet Cuong of Binh Thanh Import – Export Production & Trade Company (GIL), will be selling 548,000 shares in the firm, or a 2.87% stake. Transactions will last from now to March 22.

* Viet Tien Son Real Estate Holding Company (AAV) plans to issue’ 17.5 million shares to its existing shareholders by April 1 at VND10,000 each, said Viet Capital Securities Company. AVV expect to spend the expected proceeds of VND175 billion from the share sale boosting its holding in Hong Hung Holdings JSC and funding a residential project in Hai Duong Province. The firm posted revenue of VND469.4 billion in 2018, up 92% against the previous year, and consolidated net profit of VND36.8 billion, up 65%.


Category: Business, Vietnam

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