Business Briefs Jun 7

07-Jun-2016 Intellasia | | 4:10 PM Print This Post

* Binh Duong Trade and Development Company (TDC) has chosen June 9 as the ex-dividend date to pay a 2015 dividend in cash for shareholders at 10 percent. Payments will be made on July 8.

* Phu Tai Company (PTB) has issued 2.87 million shares to sell to existing shareholders, raising its total outstanding volume to 18 million shares. Around 2.86 million shares will be tradable on June 14 and the remaining 13,200 shares on April 28, 2017.

* Pham Ngoc Sinh, member of the supervisory board at Petrolimex Tanker Company (PJT), has registered to sell his entire PJT stake totalling 235,800 shares (2.18 percent) over one month starting from June 7.

* Ly Vi Phat, deputy general director of Ntaco Corporation (ATA), has registered to buy 500,000 ATA shares (4.17 percent) from June 8 to July 7. He currently holds no ATA share.

* Water Supply Sewerage Construction Investment Company (VSI) will pay a dividend of VNDl,500 per share for 2015 on the record date of June 1. The company will make payments on June 30. In the first quarter of this year, the firm’s revenue declined by 29 percent year-on- year to VND62.8 billion while its net profit soared 75 percent to VND4.4 billion.

* Viglacera Corporation (VGC) said on its website that the company generated over VND6 trillion in revenue in the first five months of this year, a 5 percent pickup from a year earlier. Its profit rose by 26 percent to VND284 billion, meeting 41  percent of the year’s target, Viet Capital Securities Company reports.

* International Investment Trade and Service Group Company (Interseco) will launch an initial public offering (IPO) to sell over 9.9 million shares (27.52 percent) at the starting price of VND10,000 each. The IPO auction will be organised on the Hanoi Stock Exchange on June 6. Interseco will have chartered capital of VND360 billion after it goes public, with the State holding a 45 percent stake and employees 0.48 percent. Around 9.7 million shares (27 percent) will be sold to strategic investors. In 2016- 20 18; the enterprise looks to generate revenue of a combined VND180-211 billion and after-tax profit of VND5.1-10.4 billion.

* The Vietnam Association of Seafood Exporters and Producers (VASEP) said in a statement last week that seafood products for export are safe. The statement came out after EU authorities issued a warning aboutVietnam’s mysterious mass fish deaths to EU member states and requested them to closely monitor seafood shipments fromVietnam. VASEP said fish supplied for seafood processors were caught off the coasts of unaffected provinces from Danang southward, and that many processors relied on fish imports. The recent inspections by the Ministry of Agriculture and Rural Development in fourcentral provincesalso found offshore fish were safe.



Category: Business, Vietnam

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