Business Briefs 31 May 2019

31-May-2019 Intellasia | | 8:52 AM Print This Post

* Power Engineering Consulting Company No.2 (TV2) will start trading over 12.3 million shares on the Hochiminh Stock Exchange on June 6 at the initial price of VND151,000. The firm debuted on the Hanoi Stock Exchange in 2009 at the reference price of VND24,000. Closing the last session on May 27, TV2 share price added 1.5% against the previous session at VND160,000, It ranked second in terms of market capitalization on the northern bourse, just after coach station operator WCS.

* Nam Kim Group (NKG) has approved the transfer of all the company’s stake in Nam Kim Corea to China-based Chinasia Textile Ltd, said Dau Tu Chung Khoan website, The move took place as the parent company suffered VND173 billion and VND101 billion in losses in the fourth quarter of 2018 and the first quarter of 2019, respectively, These losses also caused the firm to shed more than VND1 trillion of its total assets, To resolve its ailing performance, NKG plans to restructure its manufacturing and investment activities.

* Viettel Post Corporation (VTP) will pay a dividend at a combined ratio of56.4% for 2018 on the record date of June 5. Of the amount, VTP will spend VND62 billion paying a dividend of VND1,500 each between July 1 and August 31. The company will issue 17 million shares to pay a dividend at a 41.4-for-l00 ratio. The issuance will help VTP raise its registered capital to VND585 billion.

* Ha Giang Mineral and Mechanics Company (HGM) will pay a dividend of VND5,500 each share for 2018 on the record date of June 7. The company will make the payment on June 19, HGM made a net profit of VND4.58 billion on revenue of VND22.9 billion in the first quarter of this year, down 63% and 33,7% year-on-year, respectively.

* Investment and Industrial Development .Corporation (BCM) targets a net profit of VND2,6 trillion in 2019, up 10% against last year, Its revenue is expected to soar 38% to VND9 trillion, BCM also plans to move its share listing to the Hochiminh Stock Exchange from the market for unlisted public enterprises, or UPCoM, and maintain the foreign ownership Limit at 49% this year.


Category: Business, Vietnam

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