Stock market briefs

22-Aug-2019 Intellasia | The Saigon Times | 6:02 AM Print This Post

The government has approved a list of 93 State-owned enterprises (SOEs) which will be equitised from now to the end of 2020. The government will own at least 65 percent of the charter capital of four SOEs, namely the Vietnam Bank for Agriculture and Rural Development (Agribank), the Vietnam National CoalMineral Industries Holding Corporation, Vietnam Northern Food Corporation and Mineral One Member Company. State ownership in 62 other SOEs will range from 50 percent to below 65 percent.

HCM City Joint Stock Company for Telecoms and Informatics (CTIN) has applied to float nearly 32.2 million shares on the Hochiminh Stock Exchange with a code of ICT. CTIN is the first firm to develop mobile network projects in Vietnam, said Viet Capital Securities Company.

HCM City Vietnam Investment Fund II, a major shareholder of Gemadept Corporation (GMD), has announced to sell its entire 58 million GMD shares, equivalent to a 19.5 percent stake. Transactions will be made from August 23 to September 20. Earlier, the fund sold nearly 29.7 million GMD shares to reduce its ownership from 29.5 percent to 19.5 percent.

HCM City Indochina Hoi An Beach Villas, a subsidiary of Bamboo Capital Group (BCG), on August 19 signed an agreement with United States hotel operator Radisson Hotel Group to manage its Malibu Hoi An project in Quang Nam under the commercial name Radisson Blu Hoi An.

HCM City Le Tuan Anh, a son of general director Le Thanh Thuan of Sao Mai Investment Group (ASM), has registered to buy five million ASM shares to adjust up his holding from 7.4 percent to 9.3 percent. Transactions will take place from September 3 to September 30. Meanwhile, Thuan is the biggest shareholder of the seafood group, owning over 46.7 million shares, equal to an 18 percent stake.

HCM City Tri Viet Securities Company (TVB) has passed a plan to issue 24.28 million new shares for shareholders at the price of VND10,000. It will close the list of shareholders eligible for the issuance plan on September 4.

HCM City Thien Long Group (TLG) has announced September 19 as the ex-dividend date to advance a 2018 second round dividend for shareholders in cash at 5 percent. It will make the payment from October 23.


Category: Stocks, Vietnam

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