Business Briefs December 21

21-Dec-2016 Intellasia | | 2:09 PM Print This Post

* The HCM City Tax Department has revealed it is to collect VND1.9 trillion (US$ 82.8 million) in tax arrears in December.

* A local company based in the northern province of Lang Son has sought consent from the Ministry of Industry and Trade in exporting 300,000 metric tonnes of steel furnace emission after the company had inked a contract with a Chinese enterprise.

* Vietnamese conglomerate Vingroup on Tuesday inaugurated its first Vincom+ shopping mall in Long Thanh District in DongNai Province, which neighbours HCM City.

* GTNFoods Company (GTN) has issued 100 million shares via a private placement, sending its total outstanding volume rising to 250 million shares. The new shares will be tradable on November 16, 2017.

* Vietnam Ventures Limited looks to raise its holding in Khang Dien Investment & Trading House Company (KDH) to 6.7 percent from the current 4.19 percent by acquiring six million KDH shares over one month starting from December 21.

* Binh Minh Plastic Comany (BMP) will spend VND90 billion paying a provisional dividend of VND2,000 per share for 2016 on the record date of January 3. The company will make payments on January 19, In the first nine months of this year, BMP earned VND2.48 trillion in revenue, up 20 percent year-on-year, and VND539.6 billion in net profit, a 39 percent pickup, Viet Capital Securities Company reports.

* Tran Hung Giang, a board member of Electronics Communications Technology Investment Development Corporation (ELC), has registered to sell one million ELC shares to cut his ownership to some 2.7 million shares (5.8 percent) between December 21 and 30.

* Mobile World Investment Corporation (MWG) has set a target of attaining VND63.28 trillion in revenue next year, up 85 percent versus the 2016 plan, and VND2.2 trillion in net profit, rising 58.5 percent.

* Le Van Tien, a board member of Lam Son Sugar Corporation (LSS), will be buying two million LSS shares to increase his stake to 2.05 million shares (2.9 percent) over one month starting from December 20.

* Tien Bo Group (TTB) has issued 19.35 million shares for investors, raising its total outstanding volume to 38.7 million shares. The new shares will be tradable on December 22 but 4.6 million shares are not transferable until November 21, 2017.

* The Hanoi Tax Department has imposed fines of a combined VND 1. 7 billion on Construction Company No.9 (VC9) for its infringement of tax regulations.

* Sa Giang Import Export Corporation (SGC) said it would pay a 2016 first round dividend in cash for shareholders at 20 percent on January 21. In the first quarter of next year, it will ask shareholders for approval for a plan to remove the foreign ownership cap.


Category: Business, Vietnam

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