Business Briefs 27 November 2018

27-Nov-2018 Intellasia | | 9:20 AM Print This Post

* Masan Joint Stock Company, a major shareholder of consumer goods group Masan (MSN), has registered to sell 12.5 million MSN shares from now to December 25, cutting its ownership to over 365 million shares, or a 31.4 percent stake.

* Hoa Phat Group (HPG) has decided to inject VND500 billion into Hoa Phat Steel Sheet Company, thus boosting the steelmaker’s chartered capital to VND1.5 trillion. HPG will also spend an additional VND5 trillion on Hoa Phat Dung Quat iron and steel complex to raise its capital to VND25 trillion. The enterprise will take out foreign loans arranged by BNP Paribas Bank to fund the new investment.

* Sonadezi Long Thanh Company (SZL) has announced December 6 as the record date for shareholders to receive a 2018 first round dividend in cash at 10%. The firm will make the payment from December 26.

* NBB Investment Corporation (NBB) has reduced its holding at Quang Ngai Mineral Investment Company (QMI) to 49 percent from 90%. QMI has its chartered capital of VND40 billion and specialises in the property and mining sectors in the central region.

* Saigon Water Infrastructure Corporation (SII) has estimated that it would make a net profit ofVND61.6 billion on revenue ofVND527 billion this year. The firm made a consolidated net profit ofVND59.8 billion from its revenue ofVND198 billion in the January-September period, versus a loss ofVND13.8 billion in the same period of2017.

* SAM Holdings Company (SAM) has announced to buy seven million shares of Phu Tho Tourism Service Company (DSP) between now and December 22. Currently, SAM is holding nearly 34.5 million shares at the firm, or 29 percent stake.

* Vinh Hoan Corporation (VHC) will spend an estimated VND185 billion paying an interim dividend ofVND2,OOO per share for 2018 on the record date of December 10. The company will make the payment on December 20.

* Truong Hong Loan, deputy general director ofCuongThuan IDICO Investment and Development Company (CTI), will be buying two million CTI shares from now to December 26. Loan is holding over 4.1 million shares at CTI, or 6.3 percent stake. Loan’s husband, CTr’General director Nguyen Xuan Quang, currently owns 1.6 million shares at the firm, equal to a 2.58 percent stake.


Category: Business, Vietnam

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