Stock market briefs

11-Sep-2018 Intellasia | The Saigon Times | 6:00 AM Print This Post

The Pan Group Company (PAN) has received approval from its shareholders for a plan to issue 14.86 million shares in a private placement to its Japanese partner, Sojitz Corporation, within the second half of this year. PAN expects to sell the shares, which are restricted from transfer in one year, at a minimum price of VND55,000 each. After the issuance, Sojitz Corporation will become a strategic partner of the Vietnamese firm with an 11 percent stake. Previously, PAN’s shareholders also approved a plan to issue up to VND1.14 trillion worth of non-convertible bonds in a private placement in the third quarter. The bonds have a fixed coupon rate of 6.8 percent per year in maximum five years since the issuance date.

HCM City Binh Duong Mineral and Construction Company (KSB) has decided to issue 2.3 million shares under an employee stock ownership plan this month. Earlier, KSB sold nearly 4.68 million shares to pay a 2017 dividend for shareholders at 10 percent, thus raising its total outstanding volume to nearly 51.5 million shares.

HCM City Le Manh Thuong, a board member of Long Hau Company (LHG), has registered to buy one million shares of LHG from now to October 3 to raise his ownership to 2 percent.

HANOI Hong Ha Son La Farm Produce Processing Company (HSL) has announced September 19 as the ex-dividend date for shareholders to receive a 2016 and 2017 share dividend at a 1-for-4 ratio, meaning that shareholders will get one new share for every four shares held.

HANOI KB Vietnam Securities Company has approved a capital hike plan by issuing 138 million shares in two stages. The firm will sell 81 million shares to existing shareholders at a 1-for-2.7 ratio in the first phase and 57 million shares at a 1-for-1.9 ratio in the second stage. After the issuances, the brokerage firm will spur its chartered capital to VND1.68 trillion.

HANOI Phan Bang Viet, a board member of Que Phong Hydropower Company (QPH), has offloaded his entire 1.6 million shares at QPH, equal to an 8.5 percent stake. QPH share price closed at VND17,300 a share last Friday compared to its peak at VND25,900 per share around two months ago.

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Category: Stocks, Vietnam

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