Business Briefs 29 November 2018

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

* PAN Food Company, a member of The Pan Group (PAN), has registered to buy over 825.000 shares, or a 7.18% stake, of Ben Tre Aquaproduct Import and Export Company (ABT) within one month starting November 27. PAN Food offers to purchase the shares at VND46,OOO each. Currently, PAN Food holds a 72.82% stake, equal to 8.37 million shares, in ABT.

* Tan Tam Ma Investment Company has registered to buy an additional two million shares of HCMC Infrastructure Investment Company (CII) via matching, aiming to raise its ownership to over 3.2%, equal to over 7.9 million shares. CII share price is around VND26, 100 on the Hochiminh Stock Exchange, losing around 33% compared to its peak ofVND39,OOO in January.

* Siam Brothers Vietnam Company (SBV) has decided to buy back 600,000 shares with the buying price not higher than VND21,600 per share. Currently, SBV has 60,000 treasury shares.

* Agri Asia Pacific Limited has become a major shareholder of Thanh Thanh Cong-Bien Hoa Company (SBT) after acquiring 8.4 million shares of the sugar firm, spurring its stake to 5.8%, or nearly 28.9 million shares. The investor spent over VND180 billion on the purchase.

* Binh Minh Plastics Company (BMP) plans to pay an interim dividend ofVND 1,500 per share on the record date of December 10. BMP expects to spend VND122.8 billion on the dividend payment, which is scheduled for December 28. The firm’s net profit dipped 2% year-on-year to VND340.5 billion in January-September on revenue VND2.75 trillion, which rose 5%.

* Dong Nai Trade Production and Service Company will auction 2.1 million shares on December 19 with me starting price set at VND28,400. The enterprise, which has a chartered capital of VND40 billion, operates traditional wet markets and trades in motorbikes.

* TNG Trade and Investment Company (TNG) has decided to issue nearly 2.47 million shares given an employee stock ownership plan at the selling price of VND 10,OOO each share. The new share will be banned from trading within one year from the issuance date. TNG share price is around VND19,OOO on the Hanoi Stock Exchange.


Category: Business, Vietnam

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