Business Briefs 28 November 2019

28-Nov-2019 Intellasia | | 9:33 AM Print This Post

* Binh Duong Water and Environment Company (BWE) and TSK Corporation of South Korea have signed a memorandum of understanding to cooperate in fields such as water treatment, waste management, renewable energy and urban development. The cooperation will be conducted via capital contribution, not stake acquisition, Nguyen Van Thien, chairman of BWE, told Dau Tu Chung Khoan newspaper.

* Dry Cell and Storage Battery JSC, or Pinaco, (PAC) will finalize its shareholder list on December 6 to pay a 2019 cash dividend of 15%. With over 46.4 million outstanding shares, Pinaco will spend VND70 billion on the payment, set for December 25.

* The board of directors of TTC Hospitality (VNG) has passed a plan to issue over 4.6 million shares under an employee stock ownership plan (ESOP) at VND11,000 each, just half its market price. The plan is aimed at raising its working capital and incentivizing its employees. The issue is slated for the fourth quarter of 2019.

* Rang Dong Light Source and Vacuum Flask Company (RAL) has approved a plan to develop a VND2.5 trillion facility at Hoa Lac Hi-Tech Park in Hanoi City. The plant will produce LED 4.0 lights and hi-tech electronics.

* Vietnam Ventures Limited has sold 10 million shares of Khang Dien House Investment and Trading JSC (KDH). After the transaction, Vietnam Ventures, a member of VinaCapital Vietnam Opportunity. Fund (VOF), is no longer a major shareholder of KDH, cutting its holding in the firm to 26.88 million shares, or a 4.94% stake.

* Hanoi-Thanh Hoa Beer JSC (THB) has chosen November 28 as the ex-dividend date to pay a cash dividend at 26.3%. The payment is slated for December 6.

* Ton Chuong Duong, a board member of Do Thanh Technology Group (DTT), will buy over 311,000 DTT shares from November 28 to December 27 to increase his ownership in the firm to 500,000 shares, or a 6.13% stake.


Category: Business, Vietnam

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