Business Briefs December 30

30-Dec-2016 Intellasia | | 12:30 PM Print This Post

* SCIC Investment One Member Company Limited has registered to buy 1.6 million shares of Military Commercial Bank (MBB) to revise up its ownership from 0.08 percent to 0.18 percent in one month starting from December 29.

* TMT Automobile Company (TMT), the biggest listed automobile firm by market value in Vietnam, expects to attain revenue of VND4.88 trillion and net profit of VND123.8 billion next year. TMT plans to pay a dividend of 25 percent of par value for 2017, the firm said in a statement sent to the Hochirninh Stock Ex-change. In the first nine months of this year, the enterprise posted revenue of VND2.01 trillion, down 29 percent year-on-year, and net profit of VND47.4 billion, a 73 percent fall.

* Duong Huu Hieu, chair of Duong Hieu Trading and Mining Company (DHM), has registered to buy two million DHM shares to increase his holding to 5.21 million shares (20.7 percent) between January 4 and February 2.

* Tam Duc Steel Production Company has registered to sell 500,000 shares of Dai Thien Loc Corporation (DTL) to cut its holding from 19.6 percent to 18.7 percent in one month starting from December 30.

* PC3 – Investment Company (PIC) will make its debut on the Hanoi exchange on January 9, offering 29.14 million shares at the reference price of VND11,800 each.

* National Day Pharmaceutical Company (NDP) will spend VND5.5 billion paying a provisional dividend of VND1,000 a share for 2016 on the record date of January 6. The company will make payments on January 18.

* Ta Van Trung, chair of Song Da 1.01 Company (SJC), has registered to sell 600,000 shares SJC shares to reduce his holding by 8.6 percentage points to 9.9 percent in one month starting from December 29.

* Saigon Ground Services Company (SGN) has set a target of earning some VND1 trillion in revenue in 2017, a 16 percent pickup versus 2016, and VND215 billion in after-tax profit, up 26 percent.

* Hoc Mon Trade Company (HTC) said it would pay a 2016 third round dividend in cash for shareholders at 3 percent on the record date of January 6. Payments are due on January 24.

* HCM City will put aside over VND39 trillion ($1.74 billion) in 2017 to invest in 80 transportation infrastructure projects, the municipal Department of Transport has said, adding the money will come from government budget, the city’s budget, and public-private partnership (PPP).


Category: Business, Vietnam

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