Stock market briefs

18-Jul-2018 Intellasia | The Saigon Times | 6:32 AM Print This Post

The Hochiminh Stock Exchange has added jewellery firm PNJ, lender VPB and retail group VRE into the VN30-Index, tracking the performance of the 30 largest stocks by market capitalisation. Meanwhile, lender BID, insurer BVH and power firm NT2 are removed from the VN30 basket. The new list will be valid from July 23 to January 25, 2019.

HCM City FLC Group Company (FLC) has decided to spur the chartered capital of FLC Samson Golf & Resort Company from VND200 billion to VND500 billion, following its announcement to double capital of its Bamboo Airways to VND1.3 trillion from the current VND700 billion.

HCM City Automobile 1-5 Company has offloaded its entire holding of 4.12 million shares at Bamboo Capital Company (BCG), or a 3.8 percent stake in the enterprise. The investor is expected to raise nearly VND24 billion from the divestment, given BCG share price of around VND5,800 each.

HCM City Thien Viet Securities Company (TVS) has chosen July 27 as the record date to pay a 2017 cash dividend for shareholders at 6 percent and a share dividend at 9 percent. Besides, TVS will offer bonus shares at a ratio of 1 percent. The board of directors of TVS has approved a credit contract worth VND200 billion signed with Fim Plus Joint Stock Company to supplement its working capital.

HCM City Vietnam Electrical Equipment Corporation (GEX) plans to continue corporate restructuring in 2018, concentrating on three key sectors namely electrical equipment, logistics and real estate. Earlier, MB Capital has acquired 24.8 million shares of GEX to secure an 8.3 percent stake in the enterprise.

HANOI Minh Phu Seafood Company (MPC) will raise the chartered capital of its subsidiary, Minh Qui seafood processor, from VND200 billion to VND1 trillion, aiming at investing in a shrimp processing factory in Ca Mau Province. The plant will have a designed capacity of 45,000 tonnes a year and total investment of VND1.5 trillion. MPC plans to move its listing from the market for unlisted public enterprises, or UPCoM, to the Hochiminh Stock Exchange within this year.

HANOI FPT Online Company, the operator of VnExpress news site, has finished the payment of a 2017 cash dividend for shareholders at a ratio of 50 percent.

http://english.thesaigontimes.vn/61308/stock-market-briefs.html

 


Category: Stocks, Vietnam

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