Business Briefs 31 July 2019

31-Jul-2019 Intellasia | | 8:27 AM Print This Post

* Hoang Quan Consulting-Trading-Service Real Estate Corporation (HQC) said that it obtained VND77.5 billion in net revenue during the second quarter of2019, down a staggering 59%, while after-tax profit inched up 2% year-on-year to reach VND10.2 billion. In the year to June, the firm earned VND194 billion in net revenue, a 1O%-y-ear-on-year drop, and its after-tax profit rose slightly 1.5% at almost VND21 billion.

* Hoang Anh Minh, wife of Ngo Chi Dung as the board chairman of the Vietnam Prosperity Joint Stock Commercial Bank (VPB), has registered to sell four million VPB shares from July 31 to August 29 via put-through deals. Once the transactions are done, her holding at the bank will be reduced to 121 million shares, or a 4.78% stake.

* Thang Long Air Services Corporation, which owns Taseco Air Services JSC (AST), will sell over 4.4 million AST shares between July 31 and August 29 to cut its ownership at AST to 22.95 million shares, or a 51 % stake.

* Thanh Thanh Cong JSC (VNG) sold over 8.9 million VNG shares via private placement to individual and institutional investors from July 5 to 24 at VND19,350 per share.

* PetroVietNam Transportation Corporation (PVT) has set August 13 as the ex-dividend date to pay a 2018 cash dividend for its shareholders at 10%. The record date will be August 14 and the payment is scheduled for this third quarter of the year.

* Mobile World Investment Corporation (MWG) has announced its business results during the first half of 2019, with consolidated net revenue and after-tax profit rising by 16% and 38% against last-year period at over 51 trillion and VND2 trillion, respectively.

* Tran Ngoc Dieu, vice general director of Nam Kim Steel JSC (NKG), purchased one million NKG shares on July 25 to spur her ownership’to over 1.28 million KG shares, or a 0.7% stake. In related news, P&Q Investment Trade and Service Company on the same day offloaded more than 6.85 million NK shares, or a 3.77% stake, via put-through deals.

* VLCC Company has buy one million shares of Vietnam Electrical Equipment Joint Stock Corporation (GEX). It holds over 3.6 million GEX shares before the transactions, which are scheduled for August 29, according to


Category: Business, Vietnam

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