Business Briefs 27 March 2019

27-Mar-2019 Intellasia | | 10:56 AM Print This Post

* SSI Securities Corporation (SSI) has signed an unsecured-loan contract worth $55 million with a financial institution group led by Taiwan’s SinoPac Bank. The loan will help SSI diversify its financial structure and balance credit. The three-year loan was arranged by SinoPac Bank along with six other foreign financial institutions. The loan will be used for short-term investment or disbursement on proprietary trading activities and margin lending.

* VinaCapital Fund Management Company has announced the establishment ofits fourth open-ended mutual fund, VinaCapital Insights Balanced Fund. The new fund seeks to diversify VinaCapital’s open-ended products and will comprise investment in bonds, treasury bills, fixed income assets and listed companies. Units are available for initial public offering until April 15. Besides, VinaCapital has VinaWealth Enhanced Fixed Income Fund, VinaWealth Equity Opportunity Fund and Vietnam Equity Special Access Fund.

* Pyn Elite Fund has acquired over 843,000 shares of HCM City Infrastructure Investment Corporation (Cll) to raise its ownership to 10%, or nearly 24.9 million shares. Meanwhile, it has offloaded more than 2.7 million shares of Hoa Binh Construction Company (HBC) to reduce its holding to 8.7%.

* Nam Viet Corporation (ANY) will spend VND156 billion paying a dividend VND1,200 per share for 2018 on the record date of April 12. The firm will make payment on June 28, while holding the annual general meeting on May 17.

* Nguyen Khanh Hung, chair of LDG Investment Company (LDG), has registered to buy three million LDG shares from March 28 to April 26, raising his stake at the firm to 12.15%, or over 23.1 million shares.

* Central PetroVietnam Fertiliser and Chemicals Company (PCE) target pre-tax profit of “‘D13 billion’ 2019 do ‘l1 2 against last year, while its revenue is forecast to rise 9 percent to VND2.57 trillion. Meanwhile, the firm aims to pay a dividend of VND1,200 per share for 2018.

* Vingroup’s (VIC)VinFa Company has signed a cooperation deal with market service development group DKSH to import pharmaceutical products and produce modern medicines in Vietnam. DKSH will transfer production process and technology and support staff training for VinFa to ensure the company’s system meets international standards.


Category: Business, Vietnam

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