Business Briefs 28 February 2019

28-Feb-2019 Intellasia | | 9:20 AM Print This Post

* FECON Corporation (FCN) has projected its net profit at VND380 billion this year, up 51 % from 2018. Its revenue Is expected to soar 47% to VND4,2 trillion. In 2019, FCN will continue carrying out some major projects such as Long Son Petrochemical Complex, Hoa Phat Dung Quat Steel Complex, Nghi Son 2 Thermal Power Plant, Hanoi Metro Line 3, Hanoi Phenikaa University and Vinh Hao 6 Solar Power Plant, said Viet Capital Securities Company.

* PetroVietnam Gas Corporation (GAS) has announced the 2018 second dividend payment of VND2,000 per share, with the ex-dividend date set for March 18 and the payment date in the second quarter of this year, GAS paid the first dividend of VND2,000 per share in October 2018.

* Phan Ngoc Hieu, a board member of Licogi 16 Company (LCG), will be buying 10 million LCG shares to raise his holding to 10,25%, Hieu now has 50,000 shares in the company, or a 0,05% stake.

* Vinh Hoan Corporation (VHC) said its export revenue soared 35% year-on-year to US$31 5 million in January. Last year, VHC’s consolidated net profit edged up 140% versus 2017 at VND1.45 trillion.

* Central Pharmaceutical Company No.3 (DP3) will pay an interim dividend of VND5,000 per share for 2018 on the record date of May 6. The firm will make payment on June 12. DP3 will issue 850,000 shares to its existing shareholders at 1-for-8 ratio at VND26,400 per share in April. The drug maker last year made VND80 billion in net profit, up 2.1 fold from the previous year, from its revenue of VND471.5 billion, up 44%.

* Construction and Investment Company No.4 (CC4) has announced to offer 16 million shares to existing shareholders to spur its registered capital from VND 160 billion to VND320 billion. The share selling price is VND 10,000 and the issuance ratio is 1-for-1 It will use the expected proceeds of VND160 billion to finance a housing project in Hanoi City.

* German insurer HDI Global SE ha registered to buy 1.8 million shares in PVl Holdings. If successful, this would allow the company to increase its stake in the local insurer to 37% from the current 36,2%.


Category: Business, Vietnam

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