Business Briefs January 5, 2017

05-Jan-2017 Intellasia | | 12:53 PM Print This Post

* Tam Hy Company will be selling 10 million shares of Hoa Sen Group (HSG) to reduce its stake in HSG to 500,000 shares (0.25 percent) between January 3 and February 1.

* National Seed Company (NSC) said it would pay a 2016 first round dividend in cash for shareholders at 15 percent on the record date of January 5. Payments are slated for January 20.

* Do Viet Hung, head of the supervisory board at Thien Viet Securities Company (TVS), has registered to sell nearly 696,900 TVS shares to cut his ownership to 30,000 shares (0.06 percent) in one month starting from January 9.

* The HCM City Tax Department has imposed fines of a combined VND 103.5 million on Materials – Petroleum Company (COM), saying the firm has violated tax regulations.

* Vu Ninh, a board member of sea transport firm Gemadept Corporation (GMD), will offload 60,000 GMD shares to cut his holding to 530,799 shares (0.3 percent) between January 5 and February 3.

* Tien Giang Investment and Construction Company (THG) has announced January 9 as the ex-dividend date to pay a 2016 first round dividend in cash for shareholders at 10 percent. Payments will be made on January 20.

* Soc Son Development Investment Company (DPS) has issued 1.6 million shares to pay a dividend for shareholders, sending its total outstanding volume rising to 30.47 million shares. The new shares will be tradable on January 5.

* Asean Deep Value Fund has registered to buy 125,000 shares of Asia – Pacific Investment Company (API) to increase its ownership by 0.35 percentage point to 11.7 percent over three weeks starting from January 3.

* Luu Quang Minh, general director of Hanoi Investment general Corporation (SHN), will be selling 100,000 SHN shares to reduce his stake from 0.13 percent to 0.04 percent over three weeks starting from January 7.

* Food producer Dabaco Group looks to attain revenue of VND9.2 trillion, pre-tax profit of VND369. 7 billion and after- tax profit of VND319 billion this year. In January-September 2016, it saw its revenue reaching VND6.4 trillion and after-tax profit amounting to VND391 billion.

* Toxic loans in Vietnam accounted for 2.46 percent of total borrowings at financial institutions as of November 30 last year, the country’s central bank said in a statement on Wednesday. The Southeast Asian nation has targeted to keep the 2016 bad debt ratio under 3 percent. Data for full-year 2016 are not yet available.


Category: Business, Vietnam

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