Stock market briefs

06-Jun-2018 Intellasia | The Saigon Times | 6:00 AM Print This Post

FLC Group Company (FLC) plans to issue an additional 27.3 million shares to pay a 2017 dividend for shareholders at 4 percent. Besides, the firm will offer 300 million shares, or 42 percent of its outstanding volume, to existing shareholders to improve its capital scale. FLC will sell the shares at VND10,000 each, using the proceeds to invest in a tourism complex in Quang Binh Province.

HCM City Taisho Pharmaceutical will be buying 650,000 shares of Hau Giang Pharmaceutical Company (DHG) to raise its stake from 24.44 percent to nearly 25 percent, or 32.6 million shares. The DHG share price is now more than VND107,000 on the HCM City market. At the end of 2017, DHG had three major shareholders including the State Capital Investment Corporation with a 43.31 percent stake, Taisho Pharmaceutical with 24.44 percent and Franklin Templeton Investment Funds with 7.16 percent.

HCM City PetroVietnam Fertiliser and Chemicals Corporation (DPM) will close its shareholder list on June 15 to give a 2017 second round dividend in cash at 10 percent, with the payment date scheduled on June 28. The enterprise is expected to spend VND391 billion on the payment.

HCM City The government of Singapore is no longer a major shareholder of Vinasun Corporation (VNS) as it has offloaded its entire 5.4 million shares of the taxi service operator. The investment fund acquired the shares at over VND29,400 each in 2014 compared to its current price of around VND13,900.

HCM City City Auto Company (CTF) plans to sell 21.6 million shares to existing shareholders at VND10,000 each, raising VND216 billion to expand its showroom network. It will conduct the plan in the second or third quarter of 2018.

HCM City Nguyen Xuan Quang, chair of Nam Long Investment Corporation (NLG), has acquired one million shares of NLG to secure a 14.41 percent stake in the enterprise, or more than 27 million shares.

HANOI Song Ba Ha Hydropower Company (SBH) will begin trading over 124 million shares on the market for unlisted public enterprises, or UPCoM, on June 7. The initial price is set at VND22,000 per share. It is running Song Ba Ha hydropower plant with the designed capacity of 220 MW. SBH now has five major shareholders together holding a 99 percent stake in the enterprise.


Category: Stocks, Vietnam

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