Stock market briefs

22-Jan-2020 Intellasia | The SaigonTimes | 6:02 AM Print This Post

Thanh Thanh Cong Industrial Zone JSC has registered to buy eight million shares in Thanh Thanh Cong Tourist JSC (VNG). Transactions are expected to be conducted between January 21 and February 19. Thanh Thanh Cong Industrial Zone JSC currently holds no VNG shares.

HCM CityDuc Long Gia Lai Group JSC (DLG) has completed the Thuan Nam Duc Long solar power project in Ninh Thuan Province’s Thuan Nam District within only 3.5 months. The 50-megawatt-peak plant requires an investment of over VND1 trillion. The project has been connected to the 220-kilovolt transmission line. Electricity generated from the project will be sold at 9.35 US cents per kilowatt hour in 20 years.

HANOITri Viet Asset Management Corporation JSC (TVC) looks to raise its capital business value to VND5 trillion and have 50 large customers in the next three years. One year later, the firm will start acquiring and managing enterprises to have 15 subsidiaries and affiliates in the next decade.

HCM CityThe Southern Rubber Industry JSC (CSM) generated nearly VND4.3 trillion in revenue last year, up 10 percent year-on-year, while its after-tax profit reached VND53 billion, a nine-fold increase over the year-ago period. This year, the company expects to earn over VND4.4 trillion in revenue and VND80 billion in pre-tax profit.

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Category: Stocks, Vietnam

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