Business Briefs 27 Sep 2019

27-Sep-2019 Intellasia | | 9:56 AM Print This Post

* Phu Nhuan Jewelry JSC (PNJ) intends to issue more than 2.62 million shares under an employee stock ownership plan. The amount includes around 2.22 million shares at a price of VND20,000 each for its board members, its executive board and its key leaders, and 400,000 shares worth VND61,050 each for its board member Robert Alan Willett.

* Licogi 16 JSC (LCG) will pay a dividend at a combined ratio of 12% for 2018. Of the amount, LCG will spend VND68.6 billion on paying a dividend of VND700 per shares, and issue 4.9 million shares to pay a dividend at a 5-for-100 ratio. LCG made an audited consolidated net profit of VND96,47 billion on net revenue of VND1.1 trillion in the first half of this year up 70,43% and 36.68% from a year earlier, respectively.

* Hung Thinh Incons JSC (HTN) will issue 4.31 million shares to pay a dividend at 15-for-100 ratio for 2018. HT made an audited consolidated net profit of VND73.89 billion in the first half of this year, down 1.7% year-on-year.

* The board of directors at VNSteel-HCMC Metal Corporation (HMC) dismissed Dang Huy Hiep from the post of general director from October 1 as per his own petition. Hiep, who has led HMC for four years, will be no longer a member of the board. Vo Tri Nghia was appointed to the post for the 2019-2024 tenure.

* Quang Ninh Construction and Cement JSC (QNC) was recently forced to pay more than VND14 billion worth of tax arrears and other tax-related fines from its banking account. QNC blamed its poor production and product consumption for a decrease in revenue and its late tax payment. The firm pledged to speed up product sales and recover loans so that it would have sufficient finances to pay the sum.

* Tan Viet Securities Incorporation (TVSI) on Monday introduced its derivatives products to investors on the Hanoi Stock Exchange. It became the 17th securities firm licensed by the bourse to participate in the derivatives market. In late 2018, TVSI raised its charter capital to VND1.08 trillion from VND500 billion to meet the requirements to operate on the market.


Category: Business, Vietnam

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