Business Briefs 28 March 2019

28-Mar-2019 Intellasia | | 11:20 AM Print This Post

* Total assets of credit institutions and foreign banks in Vietnam by the end of last year had surged by 10.62 percent against the beginning of the year to more than VND11 quadrillion. According to latest data released by the State Bank of Vietnam, assets of State-owned banks, including Agribank, Vietcombank, VietinBank, BIDV, GPBank, CBBank and OceanBank, rose by 6.42 percent to VND4.86 quadrillion.

* FLC Group (FLC) has submitted a proposal to the Ministry of Transport for a new air catering service facility at Tan Son Nhat International Airport. Bamboo Airways, a member company of FLC, launched its first flight early this year, becoming the fifth airline in Vietnam.

* Hang Xanh Motors Service Company (HAX) wants to issue 10 million shares to raise its registered capital to VND450 billion at the minimum price of VND10,000 each, along with 1.74 million shares under an employee stock ownership plan. Earlier, HAX bought back over 134,000 own shares out of the registered number of one million shares from Februarv 18 to March 19, due to unfavourable conditions.

* Vietnam Italy Steel Company (VIS) has written to its shareholders proposing allowing Kyoei Steel and relative members to keep buying more than 10 percent of its shares without having to invite public tenders. Currently, the Japanese firm owns 73.81 percent of VIS, or 54.5 million shares.

* State-owned coal and minerals group Vinacomin has announced to acquire nearly 3.8 million shares of Vinacomin Cao Son Coal Company (TCS) from now to April 23. The group now holds 13.7 million TCS shares, equal to a 51 percent stake. It is expected to spend over VND30 billion on the share purchase given the TCS current price of around VND8,000.

* Minh Phu Seafood Corporation (MPC) plans to spend VND692.6 billion paying a dividend VND5,000 per share for 2018 on the record date of April 2. The firm will make payment on May 31.

* Camimex Group Company (CMX) targets a net profit of VND198.7 billion this year, up 155 percent against 2018. CMX approved a plan to issue 13.2 million shares to existing shareholders at a 1-for-1 ratio.


Category: Business, Vietnam

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