Business Briefs December 14

14-Dec-2016 Intellasia | | 1:15 PM Print This Post

* Hang Xanh Motors Service Company (HAX) has floated an additional 3.1 million shares on the HCM City ex-change, raising its total outstanding volume to 14.2 million shares. The new shares will be tradable on December 19.

* An Phat Plastic & Green Environment Company (AAA) plans to issue 5.1 million shares for investors at VND11,500 each. The issuance will help the firm raise its chartered capital to VND569.6 billion, AAA said in a statement posted on its website but gave no specific timetable for the share sale.

* Nguyen Ho Nam, chair of Bamboo Capital Company (BCG), has registered to sell 1.09 million BCG shares to cut his ownership by one percentage point to 9.3 percent in one month starting from December 15.

* Binh Duong Production and Import Export Company has registered to sell its entire stake of 3.36 million shares (30 percent) in Construction Investment Corporation 3-2 (C32) between December 15 and January 13.

* Ben Tre Pharmaceutical Company (DBT) plans to issue 4.6 million shares to increase its chartered capital to VND111.6 billion. The firm will use 1.15 million shares to pay a dividend for shareholders at a 20:3 ratio and sell 3.1 million shares to existing shareholders at VND10,000 each. It will sell the remaining 380,000 shares to employees at the same price. The issuance will take place from December 28 to February 6. The company plans to use the proceeds, estimated at VND34.6 billion, to expand operation and pay salary for staff in 2016 and 2017. In January-September, DBT saw it revenue rising slightly from a year earlier to VND413.8 billion and its net profit leaping 58 percent to VND16.4 billion, Viet Capital Securities Company reports.

* Daewon -Thu Duc Housing Development Company has registered to sell 300,000 shares of Petroleum Mechanical Company (PMS) to reduce its stake from 23.1  percent to 20.7 percent in one month starting from December 13.

* Realty developer Vimeco Company (YMC) said it would pay a 2016 first round dividend in cash for shareholders at 15 percent on the record date of December 21. Payments are due on January 5.


Category: Business, Vietnam

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