Business Briefs 27 Jun 2019

27-Jun-2019 Intellasia | | 9:09 AM Print This Post

* Hoang Anh Gia Lai Joint Stock Company (HAG) has announced to buy back VND594 billion worth of bonds from Vietnam Prosperity Bank (VPBank) prior to the expiry date. The bonds were issued by HAG on August 25,2015, and will become mature on December 27, 2021.

* Mobile World Investment Corporation (MWG) generated net revenue of nearly VND42.8 trillion and after-tax profit of some VND1.8 trillion in the first five months of the year, up 15% and 39% year-on-year, respectively. Thus, the corporation has realized 39% and 50% of its revenue and profit targets.

* Hung Thinh Incons Joint Stock Company (HTN) has approved the dismissal of Le Chi Trung from the post of HTN general director from June 22 and will terminate the employment contract with Trung from July 1. The HTN board has also elected Do Anh Tu to the post.

* Viet Capital Securities Joint Stock Company (VCI) will issue more than 1.4 million employee stock ownership plan (ESOP) shares at a price of VND12,OOO each. The ESOP shares will not be converted within a year from the issuance date. The issue is set to take place next quarter.

* Tan Tao Group, a large shareholder of Tan Tao Investment and Industry Corporation (ITA), has acquired more than nine million ITA shares, raising its holding at ITA to over 150.1 million shares, or 16%.

* Vu Tien Manh, vice chairman of National Citizen Commercial Joint Stock Bank (NVB), on June 24 registered to buy 1.9 million NVB shares from June 25 to July 19 via order-matching and put-through transactions. Meanwhile, Duong Thi Le Ha, deputy general director of the bank, registered to buy nearly 2.9 million shares on the same day via put-through transactions in the same period as Manh. At present, both Manh and Duong hold no NVB shares.

* Hoa Binh Construction Group Joint Stock Company (HBC) has won a tender to become the main contractor for a shophouse project of Halong Investment and Development Co., Ltd, a subsidiary of BIM Group, in Quang Ninh Province. The five-storey building project includes 375 shophouses and requires investment of nearly VND470 billion. It is expected for completion in late February 2020.


Category: Business, Vietnam

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