Business Briefs December 12

12-Dec-2016 Intellasia | | 1:36 PM Print This Post

* Singapore’s F&N BEVManufacturing Pte Ltd has for the first time registered to buy nearly 39.19 rnillionshares (2.7 percent) of Vietnam Dairy Products Company (VNM) between December 12 and January 10.

* Dam Sen Water Park Corporation (DSN) will spend over VND43.5 billion paying a provisional dividend of VND3,600 per share for 2016. The company will make payments on January 14. DSN attained revenue of VND 161.9 billion in the first nine months of this year, up 9 percent year-on-year, and net profit of VND72.7 billion, a 12 percent increase.

* Pham Thi Kim Xuan, general director of real estate developer De Tam Company (DTA), has registered to sell her entire stake of 709,930 DTA shares (7.1 percent) over one month starting from December 12.

* Tin Nghia Industrial Park Development Company (TIP) said it would pay a 2016 first round dividend of 10 percent in cash for shareholders on the record date of December 22. Payments are slated for January 5.

* Doan Thi Tam, chief accountant of Lix Detergent Company (LlX), will be selling 100,000 LlX shares to reduce her holding by 0.3 percentage point to O.S percent between December 12 and January 10.

* Hanoi Entertainment Service Corporation (HES), the operator of Ho Tay Water Park, on Wednesday made its debut on the market for unlisted public companies (UPCOM), offering over 9.2 million shares at the reference price ofVND15,000 a share. Closing Wednesday’s trade, HES soared to VND21,000 a share. It ended at the reference price yesterday. HES saw its profit totalling VND9.8 billion in 2014, VND5 billion in 2015 and VND7 billion in the first nine months of this year. The firm looks toattain revenue of VND 108.9 billion and after-tax profit of VND5 billion in 2016, and pay a dividend at 5 percent for ‘shareholders. Next year; HES aims to revise up its revenue to VND114.3 billion and after-tax profitto VND7.2 billion, and make a 2017 dividend payment of 7 percent.

* Phan Doan Vinh, director of Tri Viet Investment Management Corporation (TVC), will acquire 100,000 TVC shares to adjust up his ownership to 180,000 shares (0.49 percent) from December 9 to January 6.


Category: Business, Vietnam

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