Business Briefs 31 Oct 2018

31-Oct-2018 Intellasia | | 9:28 AM Print This Post

* Mobile World Investment Group (MWG) has released its preliminary earnings report for the January-September period, with its revenue put atVND65.5 trillion and its after-tax profit atVND2.2 trillion, up 37% and 34% year-on-year, respectively. These good results were primarily driven by surging online sales and contributions from new stores in the mobile phone and consumer electronics businesses.

* No Va Land Investment Group (NVL) has passed a plan to issue over 22.6 million shares through an employee stock ownership plan at VND10,000 each. NVL will also issue 13.66 million shares via a private placement to convert preferred shares previously issued for two individuals. Besides, the firm will invest an additional VND46 billion in Phong Dien Real Estate Investment Company to raise its holding over 50.9%, or nearly 4.9 million shares.

* Truong Thanh Real Estate and Construction Company (TEG) has announced to buy over 2.5 million shares of Truong Thanh Quy Nhon Real Estate Company, with the price not higher than VND15,800 per share. After the purchase, TEG will spur its ownership to over five million shares. It will conduct the plan in the last quarter of 2018.

* Doanh Bao An Company, an organization related to Tran Bao Toan – a board member of Fideco Company (FDC), has registered to sell over 1.5 million shares ofFDC from now to November 28. Once completed, the investor will reduce its holding at FDC to over 4.7 million shares, or a 12.3% stake.

* VNDirect ecurities Company (VND) has decided to buy back 10 million shares as treasury shares, aiming at reducing its outstanding volume and restructuring capital sources. Transactions will take place between ovember 14 and December 12.

* Phu Nhuan Jewelry Company (PNJ) has decided to issue over 4.8 million shares via an employee stock ownership plan, equivalent to 3% of its curret outstanding volume.

* Vicostone Company (VCS) has decided to buy back 3.2 million shares as treasury shares, or 20% of its current outstanding shares, within around one month starting Novernber 6.

* Truong Tien Holdings Company has acquired 700,000 shares ofPhu Thanh Garment Company (MPT), or a 4.5% stake in the enterprise. Earlier, the investor had no shares at MPT.


Category: Business, Vietnam

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