Business Briefs January 13, 2017

13-Jan-2017 Intellasia | | 1:48 PM Print This Post

* Vietnam shipped $589 million worth of shrimp to the European Union last year, up 7.5 percent year-on-year, showed data of the Vietnam Association of Seafood Exporters and Producers (VASEP). The EU remained as Vietnam’s second largest shrimp importer after the United States, accounting for 19 percent of the nation’s total shrimp exports last year. The UK, the Netherlands and Germany were the three main EU markets for Vietnamese shrimp.

* Masan Group Corporation (MSN) has issued 12 million shares via a private placement, raising its total outstanding volume to 768.07 million shares. The new shares will be tradable on December 27.

* Nam Kim Steel Company (NKG) plans to issue 33 million shares to pay a dividend for shareholders in the first quarter of this year. In specific, NKG will issue 9.9 million shares to pay a 2015 dividend at a 100: 15 ratio and 23.11 million shares to pay a provisional dividend at a 100:35 ratio. The company plans to issue one million shares at VND10,000 each under an employee share ownership plan (ESOP). In the first nine months of 2016, NKG attained revenue of VND6.48 trillion, up 65 percent year- on-year, and net profit of VND453.9 billion, up 4.4 times. The nine-month earnings per share were VND9,071.

* Hoang Thi Hoai, chairwoman ofPIV Company (PIV), which sells building materials and gardening equipment, has registered to acquire 1.4 million PIV shares from January 12 to February 10. She currently holds no PIV shares.

* Quang Ninh Construction & Cement Company (QNC) plans to issue 15 million shares in a private placement for strategic investors. The issuance, which is expected to help QNC raise its chartered capital to VND334.5 billion, will be made some time in the first quarter. According to its quarterly financial report, QNC’s short-term debts dipped 0.3 percent from end-2015 to VND892 billion at the end of September 2016, while its long-term debts soared 23.4 percent to VNDl.03 trillion. QNC saw its revenue rising 17 percent year-on-year to VND735.1 billion in January-September last year but it racked up losses of VND40.3 billion in the nine-month period versus net profit of VND6.35 billion in the same period of 20 15, Viet Capital Securities Company reports.

* Maritime Supply & Technology Service Company (MAC) has announced January 13 as the ex-dividend date to pay a 2016 dividend in cash for shareholders at 5 percent. The firm will make payments on January 23.

* Andbanc Investments SIF-Vietnam Value and Income Portfolio has registered to buy 850,000 shares of Viglacera Ha Long Company (VHL) to increase its ownership to over 2.5 million shares (15.69 percent) in one month starting from January 16.

* Vietnamese brewers produced a total of 3.787 billion litres of beer in 2016, according to statistics from the Ministry of Industry and Trade, which added that the number is expected to reach four billion in 2017.



Category: Business, Vietnam

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