Business Briefs 29 November 2019

29-Nov-2019 Intellasia | | 9:13 AM Print This Post

* The last trading session of IDICO Corporation (IDC)’s shares on the market for unlisted public companies (UPCoM) is November 29, and the entire 300 million IDC shares worth VND3 trillion will be officially delisted on UPCoM on December 2, VnEconomy news site reported, citing the Hanoi Stock Exchange (HNX). Earlier, the firm gained approval to list 192 million shares on HNX.

* Vinh Phuc Infrastructure Development Company (IDV) will hold its 2020 annual shareholder meeting where the firm will announce its business targets. IDV is looking to attain VND264 billion in revenue and VND 151.6 billion after-tax profit next year, up 62% and 54%, respectively, aganst 2019 estimates. The firm also plans to pay a dividend at 35% nex year.

* Bosch Vietnam and FPT Information System (FPT IS), a subsidiary of FPT Group, on November 26 signed a memorandum of understanding to cooperate in smart transportation development with a vision toward 2030. Accordingly, FPT IS will supply technology solutions, while Bosch Vietnam is in charge of providing equipment and the management platform for security and safety systems.

* Tai Nguyen JSC (TNT) has passed a plan to divest its capital in the Tan Thanh housing project in Tan Thanh and Him Lam wards, Dien Bien Phu City and the housing project west of the Nam Rom River in Thanh Binh Ward, Dien Bien Phu City.

* Red Capital Asset Management JSC, a shareholder of Viglacera Corporation (VGC), will sell over two million VGC shares from November 29 to December 28 to cut its holding in VGC to three million shares, or a 0.67% stake.

* Hanoi-Hai Duong Beer JSC (HAD) has announced December 6 as the ex-dividend date to pay a 2019 third round dividend in cash at 54.5%. The payment date is slated for December 31.


Category: Business, Vietnam

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