Business Briefs 26 February 2019

26-Feb-2019 Intellasia | | 9:46 AM Print This Post

* Netland Real Estate Company (NRC) made VND72.1 billion in consolidated net profit last year, up 2.2- fold versus the previous year, while its revenue jumped 1.9 – fold to VND176.7 billion. NRC plans to issue nine million shares for its shareholders from March 14 to April 10 at VND10.000 each. It expects to spend the proceeds from the share sale, about VND90 billion, funding its residential block project in Ba Ria-Vung Tau Province.

* Ninh Binh Province’s government earned VND350 billion from the auction on February 20 of over 14 million shares of Ninh Binh Water Supply Company (NNB). Four investors joined the auction, bidding for over 56 million shares.

* Minh Phu Seafood Corporation (MPC) has set a pre-tax profit target of VND2.3 trillion for this year. In 2018, MPC made VND24 trillion in revenue and VND1.13 trillion in net profit. The firm has won shareholders’ backing to pay a dividend of VND5,000 per share for 2018 with payment set

for the first quarter of this year. MPC expects to spend VND687.8 billion on the dividend payment. Besides, the firm will issue 75.72 million shares in a private placement in the coming time.

* Phat Dat Real Estate Development Company (DPR) has passed a plan to transfer part of a residential area project in HCMC’s District 7 to Dynamic Innovation Co Ltd, at an expected price of over VND101 trillion. In a related development, Le Quang Phuc, an independent board member of PDR, acquired 300,000 shares in the company on February 20. Before the purchase, Phuc held no shares in PDR.

* Dai Phong Trade and Investment Company, where Chairman Tran Dinh Long ofHoa Phat Group (HPG) has an interest, has acquired one million shares in the steel maker. Earlier, the investor had no shares in HPG.

* Taiso Pharmaceutical Co Ltd, a major shareholder of Hau Giang Pharmaceutical Company (DHG), has bought 925,000 DHG shares to secure a 34.99% stake in the enterprise, or over 45.7 million shares.

* Vietnam Petroleum Transport Company (VIP) has chosen March 14 as the ex-dividend date to advance a 2018 dividend in cash at 8%. It will make the payment from May 10.


Category: Business, Vietnam

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