Stock market briefs

11-Jul-2018 Intellasia | The Saigon Times | 6:02 AM Print This Post

MB Capital has become a major shareholder of the Vietnam Electrical Equipment Corporation (GEX) after acquiring 24.8 million shares to spur its holdings from 0.99 percent to 8.31 percent. In addition, VietinBank Capital has bought 21.6 million shares of the enterprise to raise its ownership to 7.41 percent.

HANOI The Hanoi Stock Exchange has given its approval to Phu Tho Tourist Service Company to float 118 million shares on the market for unlisted public enterprises, or UPCoM, under the code of DSP. In 2015, the firm auctioned its shares at the starting price of VND12,000 per share, with 77 investors purchasing at an average price of VND12,347. DSP raised nearly VND374 billion from the initial public offering.

HANOI Vinaconex Energy Investment Construction and Development Company (VCP) will offer more than 11.3 million shares, including 9.1 million shares to existing shareholders and over 2.2 million shares to key staff, to mobilise nearly VND120 billion. It will use the proceeds to invest in a hydropower plant project.

HANOI Artex Securities Company (ART) plans to issue more than 108 million shares at VND10,000 per share to raise its capital from VND310.5 billion to VND456 billion. The capital hike will help the brokerage firm participate in the derivatives market. The shareholders of ART had earlier passed a plan to issue 6.2 million shares to pay the dividend for 2017 at 20 percent.

HANOI Ha Long Beer Beverage Company (HLB) will spend VND15 billion to pay an interim dividend of VND5,000 per share for 2018. Currently, the firm has three million outstanding shares. The firm will make the payment on July 25. In 2017, the brewery firm made the dividend payment at the combined ratio of 70 percent.

HANOI KIDO Frozen Foods Company (KDF) will spend VND78.4 billion to pay an interim dividend of VND1,400 per share for 2018. The firm now has 56 million outstanding shares. It will make the payment on August 8. KDF plans to move its share listing to the Ho Chi Minh Stock Exchange from the market for unlisted public enterprises, or UPCoM. In the first quarter of this year, KDF incurred a loss of VND10.46 billion, compared with a net profit of VND13.6 billion in the same period last year.

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Category: Stocks, Vietnam

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