Stock market briefs

09-Aug-2018 Intellasia | The Saigon Times | 6:02 AM Print This Post

Masan Resources (MRS) will issue more than 179.8 million bonus shares at a 25-for-100 ratio to spur its capital. The total outstanding share volume will amount to over 899.3 million, equal to some VND8.9 trillion in MRS’s chartered capital. The final registration date for shareholders is August 31. As of June 30, MRS has gained capital surplus of over VND1.9 trillion, MRS said in its quarter-two financial report. In the first half of this year, MRS earned a net profit of VND424.3 billion on revenue of over VND3.2 trillion, up five-fold year-on-year.

HCM City My Chau Printing and Packaging Corporation (MPC) said in its newly-released business report that the company made a net profit of over VND8.7 billion on net revenue of VND164.2 billion in the January-June period. In quarter three, MPC aims for a pre-tax profit of VND10 billion on revenue of VND100 billion. Besides, the company plans to pay a 2018 cash dividend for its shareholders at a ratio of 5 percent.

HCM City Nguyen Thanh Ngu, general director of Thanh Thanh Cong-Bien Hoa JSC (SBT), has registered to purchase one million SBT shares via put-through transactions which will take place between August 10 and September 8. If the deal is successful, Ngu will raise his stake in SBT to 0.6 percent, or over 3.1 million shares.

HCM City HCM City Infrastructure Investment JSC (CII), the holding company of CII Engineering and Construction JSC (CEE), will buy 550,000 CEE shares via matching and put-through transactions from August 9 to September 7. The move is to increase CII’s holding to 54.97 percent, or over 21.7 million shares.

HCM City CII announced that it successfully issued VND580 billion of non-convertible, secured bonds at a fixed coupon of 9.5 percent per annum, which is slightly lower than CII’s average cost of borrowing at around 10 percent. The bonds have a one-year term to be mature on July 28 next year. Including this bond issuance, CII has issued around VND1.52 trillion of bonds so far this year.

HCM City GTNFoods JSC (GTN) announced that it has recently sold a 45 percent stake in one of its legacy subsidiaries, Mien Trung Plastics. Prior to this, GTN held 90 percent of Mien Trung Plastics. This divestment was carried out at book value, which generated proceeds of VND68 billion for GTN.

HCM City Saigon Garment Manufacturing Trade JSC (GMC) will pay a 2018 cash dividend for its shareholders at a ratio of 15 percent, or VND1,500 per share. The record date is August 22 while the payment date is expected to be September 10.

HANOI Nguyen Hoang Linh, chair of the board of directors at IDJ Vietnam Investment JSC (IDJ), will be offloading his entire holding of over 6.52 million IDJ shares or a 20.01 percent stake in the company via put-through and matching transactions from August 7 to September 5.


Category: Stocks, Vietnam

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