Business Briefs January 7

07-Jan-2014 Intellasia | | 11:20 AM Print This Post

* Project 3 Construction and Investment JSC. (CT3) decided to contribute VND2.5 billion to set up its subsidiary namely Nam Tien Construction JSC.

* Power Engineering Consulting JSC. 4 (TV4) announces that Machine Team No.1 of its Serepok 4A Hydropower Plant December 31 officially connected to the national electricity.  Its Machine Team No.2 is expected to be connected to the national grid in the middle of January. Serepok 4A Hydropower Plant was built in October of 2010 with a capacity of 64 Mw.

* Phu Phong Corporation (PPG) has appointed Tran director Vi Quyen as its new legal representative since January 1, 2014.

* Hocmon Trade JSC. (HTC)’s Board of directors (BOD) decided to appoint Le Van My and Nguyen Ngoc Thao and To Van Liem as its equity representatives in newly-established firm namely Hoc Mon Food JSC with the stake of 40%, 30 percent and 30%, respectively.

* Nhi Hiep Brick – Tile JSC. (NHC) estimated to make a profit of VND5.8 billion on revenue of VND89 billion in 2013, including VND2.4 billion and VND25.6 billion in Q4/2013, respectively, the firm said in its resolution of Board of directors (BOD).The firm targets VND7.4 billion profit on VND110 billion revenue in 2014.

* Gia Lai Cane Sugar Thermoelectricity JSC. (SEC) has changed its business registration certificate for the 8th tiem on December 30, 2013 with newly raised charter capital of VND278.5 billion.

* Camimex or Ca Mau Frozen Seafood Processing Import Export Corporation (CMX) has added Ngo Quang Phu as an independent member of the Board of directors, the firm said in a filing posted on the HOSE’s website on January 3.

* Camimex or Ca Mau Frozen Seafood Processing Import Export Corporation (CMX)’s Board of directors (BOD) approved to dissolve Camimex  –  Kien Giang Co., Ltd The subsidiary is at Dong Hoa, Cang Hamlet, Hoa Dien, Kien Luong, Kien Giang.

* HCM City Securities Corporation (HCM) on January 6 got approval from the Hochiminh Stock Exchange (HoSE) to list 25,208,121 new shares or VND252 billion on the bourse. The additional listing will be effective on January 8 this year.

* Huu Lien Asia Corporation (HLA) on January 3 got decision from the Hochiminh Stock Exchange (HoSE) to put the firm into warning status. This is because the firm posted VND236.75 billion net loss by the end of September 30 last year.

* Hanoi Investment general Corporation (SHN)’s Board of directors (BOD) decided to seek shareholders’ approval for raising its charter capital by VND200 billion via issuing 20 million new shares at the price not lower than VND10,000/share in Q2/2014.

* Tran Thi Nga, BOS member of Manganese Mineral JSC. (MMC) sold 3,300 shares out of her holding to 3,337 units from December 24 to December 27, 2013.

* Rang Dong Plastic Joint-Stock Company (RDP) got approval from the State Securities Commission (SSC) to offer 2.875 million new shares to public. The firm has to sell all of these new shares within 90 days after the approval date through a method to be posted in its prospectus under the listing advice of Vietcombank Securities JSC.

* HAGL Joint Stock Company (HAG)’s extraordinary general meeting (EGM) approved the result of issuing 32,957,385 new shares of An Phu Real Estate Investment JSC. The firm has distributed 100 percent the planned shares, net earning VND328 billion from the share sale. After the share sale, its major shareholders are Doan Nguyen Duc with 43.39 percent stake and Credit Suisse (Hong Kong) Limited with 10.21 percent stake.

* Nguyen Van Vien, BOD chair of Hai Phong Paint JSC. (HPP) has registered to buy 100,000 shares from January 7 to January 27, expecting to raise his holding to 715,142 units after the deal.

* Tien Phong Technology JSC whose general director is Nguyen Thi Bach Tuyet, BOD member of Global Electrical Technology Corporation (GLT) has registered to buy 300,000 shares from January 6 to January 27. Tien Phong Technology JSC now holds 4,405,749 shares or 48 percent stake in the listed firm.


Category: Business

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