Business Briefs 25 Jun 2018

25-Jun-2018 Intellasia | | 7:54 AM Print This Post

* Binh Thanh Import Export Production and Trade Company (GIL) will sell over 38,600 treasury shares for no less than VND30,000 each to supplement its working capital. The transaction will be made within seven days of obtaining approval from the State Securities Commission. At its annual general meeting in May, shareholders passed a capital increase scheme, issuing 14 million shares for a dividend payment and 19 million shares under an employee stock ownership plan and selling 10 million shares to existing shareholders.

* Vingroup Company (VIC) plans to issue nearly 554 million shares to pay a dividend for shareholders at a ratio of 21 %. Payments will be made in the second or third quarter of this year. On ending the first quarter, VIC made VND29.1 trillion in revenue and VND1 trillion in after-tax profit, up 84% and 70% year-on:year, respectively.

* The Ministry of Construction intends to sell 80.5 million shares, or a 17.9% stake, in Viglacera Corporation (VGC) to cut its holding to 36%. Transactions will be made from June 27 to July 21 via matching on the Hanoi Stock Exchange. The VGC share price is hovering at some VND22,000 each.

* Loc Troi Group Company (LTG) will seek approval from its share holders to move its listing of 672 million shares to the Hochiminh Stock Exchange in 2019. Besides this, the firm aims to issue 13.4 million shares for a dividend payment of 20% for 2017 within the fourth quarter of this year. After the issuance, the firm’s registered capital will rise to VND806 billion from the current VND672 billion.

* DNP Water Joint Stock Company has registered to buy 4.75 million shares of Hanoi Clean Water Trading and Production Company No.3 (NS3) to secure an 87% stake in the latter.

* DIC No.4 Company (DC4) aims to earn a net profit ofVND12.5 billion from revenue ofVND400 billion in 2018, up 57.4% and down 78.6% against the previous year, respectively. The firm also targets a dividend payout ratio of 5-10%. DC4 expects to achieve an annual growth rate of 10-20% for its revenue and profit in the 2018-2023 period.



Category: Business, Vietnam

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