Business Briefs 28 November 2018

28-Nov-2018 Intellasia | | 9:10 AM Print This Post

* Tien Phong Bank (TPB) has got approval to raise its foreign ownership limit from 24.9% to 30%. Ending September, the lender reported over VND1.6 trillion in pre-tax profit, doubling that in the same period last year, with the capital adequacy ratio reaching over 11 %. TPB share price is hover ng at VND27,000 to VND28,000 on the Hochiminh Stock Exchange, having hit the record low at VND24,000 early this month.

* Construction Company No. 47 (C47) has decided to issue over 17 million bonus shares at a l-for-1 ratio within the first half of 2019. Besides, it will sell 850,000 employee stock ownership plan (ESOP) shares at VND10,000 each, in which 50% of the shares will be tradable after 12 months and the remaining 50% after 24 months. In addition, the firm will offer over 17 million shares to strategic partners at no lower than VND20,000.

* Dong Thap Construction and Building Materials Company (BDT) plans to issue nearly 61.4 million shares for existing shareholders at VND 10,000, using the proceeds to fund its projects. After the issuance, the firm will raise its capital from VND386 billion to VND999.7 billion.

* Pham Anh Duong, a board member of An Tien Industries Company (HII), has registered to buy one million HII shares, or 3.6% of the total outstanding shares. Transactions will take place from now to December 27. Currently, Duong has no shares at the enterprise.

* Dong Nai Port Company (DNP) has announced December 10 as the ex-dividend date to advance a 2018 dividend in cash for shareholders at 10%.

* Minh Phu Seafood Corporation (MPC) said its export value rose 6% versus the same period last year to US$80.8 million in October. Its export value increased 7% year-on-year to US$612.8 million in January-October, which accounted for 76% of the full-year target. Earlier, MPC’s consolidated net profit soared 5.5 year-on-year to VND601.3 billion in the January-September period. It’s revenue rose 15.6% to VND12.5 trillion.

* MB Capital has registered to buy three million shares of Military Insurance Group (MIG), which is equal to a 4.4% stake in the enterprise. Transactions will be made from now to December 27.


Category: Business, Vietnam

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