Business Briefs 26 July 2018

26-Jul-2018 Intellasia | | 7:59 AM Print This Post

* The Hochiminh Stock Exchange (HOSE) has ordered Binh Thuan Industry and Mineral Company (KSA) to delist from August 2 as the firm has seriously violated information disclosure rules. According to HOSE, the move is necessary to protect investor interests. KSA is trading 93.4 million shares on the exchange. It debuted in 2010, with its share price shrinking from VND60,OOO on the first trading day to VND500 each on May 15,before it was suspended from trading two days later due to the violations.

* Hai Phat Invest Company (HPX) started trading 150 million shares on the HCMC exchange on July 24 at the starting price ofVND26,800 per share. The property firm has total chartered capital ofVND1.5 trillion, with its land fund expected to expand from 158 to 400 hectares this year.

* Dong Nai Port Company (PDN) said its net profit jumped 32% year-on-year to VND30.9 billion in the second quarter of this year. Its revenue climbed 34% to VNDI72.5 billion in the quarter. In 2018, PDN will expand its operations to Lam Dong, Binh Thuan, and Binh Duong provinces. The firm plans to launch two piers in the second quarter of this year.

* Thac Mo Hydro Power Company (TMP) said its consolidated net profit climbed 24.8% year-on-yearto VND140.4 billion in the second quarter of this year. The firm’s consolidated revenue increased 5.6% to VND241.7 billion in the period.

* Everest Securities Company (EVS) has got approval to float 60 million shares on the market for unlisted public enterprises, or UPCoM, on August 1, with the initial price set at VND12,000 each. The firm plans to spur its registered capital to VND 1 trillion at the end of this year and VND3 trillion in 2020. EVS, formerly known as Ocean Securities Company, was established in 2016 with chartered capital ofVND50 billion. Ocean Bank is holding a 5.5% stake at the securities enterprise.

* Nguyen Thi Hong Hanh has transferred all of her 5.88 million shares at An Binh Securities Investment Fund Management Company (ABFM), or a 49% stake, to Chu Van Man. Earlier, Man owned 3,000 shares at ABFM, or a 0.025% stake.


Category: Business, Vietnam

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