Business Briefs 27 February 2019

27-Feb-2019 Intellasia | | 7:37 AM Print This Post

* Mobile World Investment Group (MWG) has decided to inject VND1 trillion into Bach Hoa Xanh grocery store chain in the first quarter of 2019. Bach Hoa Xanh has been expanding its footprint to southern provinces such as Binh Duong, Binh Phuoc, Long An, Dong ai, Ben Tre, Can Tho, Tien Giang, Vinh Long, Tay inh and Tra Vinh with a total of 55 stores in these provinces as of end-January.

* Saigon Fuel Company (SFC) will pay a dividend at VND3,000 per share for 2018 on the record date of March 12. SFC will hold its annual general meeting on April 12. In 2018, SFC made a net profit of VND31. 7 billion, little changed from the figure of 2017, from its revenue of VND1.43 trillion, up 8.2% against the previous year.

* Nguyen Van Thien, chairman of Binh Duong Water and Environment Company (BWE), will be buying two million BWE hares within one month starting February 27 to raise his ownership from 2.2% to nearly 3.6%.

* Nafoods Group (NAF) is expected to earn VND27 billion from the transfer of a 140-hectare fruit farming area in ghe An Province.

* Nghe An Province’s government sold 2.7 million shares in Cua Lo Water Supply Company at auction, raising nearly VND28 billion.

There were three investors taking part in the auction, bidding for over 3.2 million shares. The winning price is VND10,275 per share versus the highest and lowest price of VND10,300 and VND10,100, respectively.

* Vietnam Airport Service Corp (ASG) will pay an interim dividend of VND2,000 per share to its shareholders on the record date of February 28. ASG will make the payment on June 20. The firm has filed for a floatation of 34.5 million shares on the Hochiminh Stock Exchange. In 2018, ASG s net profit inched up 1 % versus the previous year

to VND164.8 billion rom its revenue of VND645.8 billion, up 19.8%.

* Nguyen Sy Tiep, chairman of Sai Son Cement Company (SCJ), has acquired five million SCJ shares to secure a 63.9% stake in the enterprise. Meanwhile, Nguyen Ngoc Nga, head of the board of controllers, has sold her entire 800,000 SCJ shares, or a 2.1 % stake.


Category: Business, Vietnam

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