Stock market briefs

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

Duc Long Gia Lai Group Company (DLG) is seeking permission to invest in five resorts and industrial zones in Ba Ria-Vung Tau Province. The projects are comprised of Binh An-Phuong Buu resort, Loc An ecological tourism complex, Suoi Ot resort and two industrial zones. In 2018, DLG will also carry out build-transfer (BT) projects in HCM City with a total investment of VND7 trillion and receive a combined area of 500 hectares in exchange, said Viet Capital Securities Company. The firm has plans to develop apartment buildings, offices, affordable houses and shopping centers on the area in the next five to 10 years.

HCM City Le Van Tam, chair of Lam Son Sugar Corporation (LSS), has bought over 319,000 shares of the firm out of one million shares as registered from August 13 to September 11. After the transactions, Tam raised his holdings in LSS to 3.4 percent, or 2.39 million shares, from the previous 2.95 percent.

HCM City Tien Giang Investment and Construction Company (THG) will close its shareholder list on September 27 to advance a 2018 cash dividend at 12 percent. The firm is expected to spend VND15.8 billion on the dividend payment given its outstanding volume of 13.2 million shares.

HANOI Vinacomin has registered to buy over 4.5 million shares of VinacominCoc Sau Coal Company (TC6), equal to a 14 percent stake, to raise its ownership to over 21.1 million shares, or a 65 percent stake. Vinacomin offers to buy the shares at VND4,600 each. Transactions will be done from now to October 31. Early this year, Vinacomin purchased shares to raise its holdings at Nui Beo Coal Company and Deo Nai Coal Company to 65 percent.

HANOI ILA Company (ILA) has decided to issue five million shares via a private placement for fewer than 10 investors. The selling price is not lower than VND10,000 each. Chair Than Xuan Nghia will register to buy two million shares out of the total volume.

HANOI Vietnam Trading and Construction Development Investment Company (MBG) has announced to invest VND15 billion in PJACA Phu Yen Company, securing a 15 percent stake in the latter. Capitalised at VND208 billion, MBG operates in the building materials and construction sectors.

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Category: Stocks, Vietnam

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