Business Briefs 30 Sep 2019

30-Sep-2019 Intellasia | | 8:51 AM Print This Post

* Vietnam Travel and Marketing Transports JSC (Vietravel) has issued VND700 billion worth of secured non-convertible bonds. The two-year debts were offered in the book-entry form at a face value of VND1 million each and carry a fixed coupon at 9.25% per year in the first 15 months, which will increase to 11% annually in the remaining months. Vietravel made a consolidated net profit of VND19.48 billion on net revenue of VND2.2 trillion in the first half of this year, down 20.26% and 38.9% from a year earlier, respectively. It will list 12.64 million shares on the Unlisted Public Company Market (UPCaM) with the code of VTR at an initial price of VND40,000 each today.

* Vietnam Investments Group (VIG) has registered to sell its entire stake of more than 45 million shares of Gemadept Corporation (GMD), or 15.24% of GMD’s total outstanding shares, through its vehicle Vietnam Investments Fund II, L.P. The transaction will be executed between October 1 and 28 via order-matching, put-through or other methods approved by the State Securities Commission of Vietnam, including off-band trading.

* Bamboo Capital JSC (BCG) approved the divestment of capital contribution from Truong Thanh Dai Nam Security Co., Ltd. BCG holds 40% of the latter’s charter capital worth VND30 billion.

* Nguyen Manh Hung, Chairman of Nafoods Group JSC (NAF), has acquired more than 10.55 million NAF shares, spurring his stake in the firm to over 28.82 million shares, or 51.37%.

* The State Bank of Vietnam (SBV) has approved Vietcombank’s proposal to open 31 new offices nationwide. Though Vietcombank is one of the country’s four largest banks in terms of total assets and outstanding loans, it had only 537 branches and transaction offices in 54 cities and provinces as of late last year, ranking sixth in terms of network size behind Agribank, LienVietPostBank, Vietinbank, BIDVand Sacombank.

* VNT Holdings JSC, a major shareholder of The Van Cargoes and Foreign Trade Logistics JSC (VNT), has again registered to purchase 4.75 million VNT shares from September 27 to November 25 via order-matching and put-through transactions. VNT Holdings currently owns over 1.35 million VNT shares, or 11.38%.

* The Hanoi Stock Exchange has allowed PTSC Quang Ngai Petroleurn Services JSC to list 30 million shares on the UPCoM under the stock code PQN. In the first six months of this year, its net revenue exceeded VND292 billion, up 9% over the same period last year while its net profit slumped 19% to more than VND6 billion.


Category: Business, Vietnam

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