Business Briefs 26 Sep 2018

26-Sep-2018 Intellasia | | 9:00 AM Print This Post

* VinaFreight Company (VNF) will sell nearly 2.8 million shares at VND20,000 each to raise VND55.8 billion. Of the proceeds, it will spend VND47 billion purchasing shares in Mipec Port Company and the remainder supplementing its working capital. VNF bought 10 million shares in Mipec Port at VND157.7 billion, in which over VND110.7 billion was paid at the end of the second quarter.

* Major shareholders including Viet Capital Securities Company, Capella Group and Bui Thi Van Anh failed to offload shares at Khanh Hoi Investment and Service Company (KHA) during the registered period from August 20 to September 18. Earlier, they sought to sell 987,000 shares, 65,000 shares and 21,000 shares at KHA, respectively.

* Individual investor Nguyen Thanh Thuy Minh has sold 1.3 million shares ofSoc Son Investment and Development Company (DPS) to reduce its stake to over 2.1 million shares, or 6.7%. The DPS share price is around VND900 on the market, far lower than its debut price ofVNDll,600 on May 6,2015 and the peak ofVND20,500 at the end of that year.

* Global Securities Company will issue 30.4 million shares via a private placement to hike its chartered capital from VND35 billion to VND339 billion. The firm will sell the shares to less than 100 investor at the price of VND10,000 each. The securities enterprise will use the proceeds to supplement working capital and improve its margin lending and proprietary service . Earlier, it cancelled a plan to raise capital to VND1 trillion.

* One organization and two individuals have registered to buy nearly 5.7 million shares of Kon Turn Water Supply Company at its initial public offering (IPO) on September 26. The firm will sell 5.2 million shares at the starting price ofVND12,700 a share. After the IPO, it plans to list on the market for unlisted public enterprises, or UPCoM.

* ILA Company (ILA) will issue five million shares in a private placement, or 50% of its outstanding shares, to expand investment in the real estate sector. The selling price will be not lower than VNDlO,OOO each. The new shares will be banned from trading within one year from the issuance date.


Category: Business, Vietnam

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