Business Briefs January 6

06-Jan-2014 Intellasia | | 12:13 PM Print This Post

* Danang Port targets to handle 5.3 million tonnes of cargo and welcome around 120 cruise ships with over 120,000 visitors this year. The port’s cargo throughput last year was 5.01 million tonnes, up 13.26 percent from the previous year.

* Lau Dai Trading and Services Co., Ltd on Wednesday opened the Luu Ly Waterfall tourist site in the Central Highlands province of Dak Nong’s Dak Song. The ecological tourist site covers around 85 hectares and has an investment of over VND200 billion.

* Muong Thanh Group has opened the five-star Muong Thanh-Quang Ninh hotel located in Quang Ninh Province’s Halong City. The 34- floor hotel worth up to VND500 billion consists of 508 rooms, equivalent to nearly 15 percent of the province’s total number of rooms.

* Dat Xanh Mien Bac has launched the sale of 80 apartments of the high-end Golden West apartment project located on Le Van Thiem street in Hanoi. The firm is also offering coupons worth VND5 million to buyers from now until January 30 for shopping at Big C supermarkets.

* Vietcombank has been appointed as the service bank for a public traffic management improvement project funded by the World Bank.

* VIAC (No.1) Limited Partnership has bought 1.2 million shares of HCM City Infrastructure Investment Company (CII) to raise its holding from 4.8 percent to 5.9%.

* Becamex Asphalt and Concrete Company (ACC) looks to a net profit of VND31 billion this year, 7.5 percent lower than last year. Its revenue is forecast at VND363.7 billion in 2014, slightly higher than in 2013.

* Shareholders of Becamex Infrastructure Development Company (IJC) have approved a plan to issue VND1 trillion worth of bonds. The secured five-year bonds will have a face value of VND1 billion each. The proceeds will be used to invest in the Sunflower City and Prince Town residential and commercial complex projects in the southern provinces of Dong Nai and Binh Duong respectively.

* Viet-Han Corporation (VHG) has received approval to float 12.5 million new shares on the southern bourse. The shares, earlier offered as a bonus, will be tradable from January 15, 2014. The additional listing will help the company raise its total outstanding volume to 37.5 million shares.

* MB Securities Company has spurred its chartered capital from VND621 billion to over VND1.2 trillion.

* Duong Ngoc Minh, chair of Hung Vuong Corporation (HVG), has bought 300,000 HVG shares to secure a 36.37 percent stake in the enterprise.

* Dabaco Group (DBC) targets a net profit of VND209.6 billion this year, a 0.4 percent rise from the figure planned for 2013. The enterprise expects its revenue to rise 9.6 percent year-on-year to VND8.3 trillion in 2014.

* Nha Trang – Hanoi Investment and Development Joint Stock Company has acquired three million shares of An Phat Securities Company (APG) to hold a 22.17 percent stake in the latter.

* Individual investor Nguyen Cong Tien has bought over 376,000 shares of Bac Kan Mineral Company (BKC) to raise his ownership from 4.5 percent to 10.7%.

* The Hanoi Stock Exchange has announced a delisting of 34.7 million shares of Phu Hung Securities Company (PHS) from January 10. The enterprise got its voluntary delisting scheme passed at its annual general meeting last month.


Category: Business

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