Business Briefs 26 Jun 2019

26-Jun-2019 Intellasia | | 8:39 AM Print This Post

* Tien Phong Commercial Joint Stock Bank (TPB) has successfully acquired 24 million treasury shares via order-matching and put-through transactions at an average price of VND26,117 per share. After the acquisition, TPB has more than 30.01 million treasury shares. The bank earned revenue of nearly VND1.9 trillion and pre-tax profit of VND853 billion in the first quarter of the year. The pre-tax profit is expected to reach VND3.2 trillion this year, surging 41 % over last year. It also looks to have asset value of VND158 trillion and charter capital of VND10 trillion and keep the bad debt ratio at below 1.5%.

* Bao Viet Holdings (BVH) will seek its shareholders’ approval for a plan to generate consolidated revenue of over D43.6 trillion and after-tax profit of more than VND1.2 trillion this year, a respective increase of 4,2% and 5.3% from last year. BVH also has plans to offer 4.1 million shares in a private placement to raise its charter capital.

* SCIC Investment One Member Co., Ltd (SIC) has registered to buy one million shares of Bao Minh Insurance Corporation (BMI). The transaction is expected to be conducted from June 26 to July 24. Before the transaction, SIC held no BMI shares.

* Post-Telecommunication Joint-Stock Insurance Corporation (PTI) has chosen June 25 as the ex-dividend date for shareholders to receive a 2018 cash dividend at 8%. The payment will be made from July 26.

* Industrial Urban Development JSC No.2 (D2D) will issue over 10.6 million bonus shares for shareholders at a ratio of 1:1. D2D will close the list of shareholders on July 5. As of March 31, Sonadezi Corporation was D2D’s largest shareholder with a 58% stake. Last year, D2D reported an increase of 17% in revenue and 25% in net profit, reaching over VND282 billion and VND94 billion, respectively. This year, the firm expected an increase by 19% in revenue, hitting VND336 billion, but a decline by 5% in after-tax profit.

* Truong Thi Lan, mother of Duong Ngoc Hai, a board member of DHR Holdings JSC (DHR), has registered to buy, more than 5.8 million DHR shares to raise her holding at the company to six million shares, or 9.84%. The transaction will be conducted from June 26 to July 25.


Category: Business, Vietnam

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