Stock market briefs

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

HCM City Securities Corporation (HSC) plans to offer 86.3 million shares at a 3-for-2 ratio this year or in the first quarter of 2019 to increase its capital. The firm expects to raise over VND1.2 trillion given the selling price of VND14,000 each. Besides, HSC will sell 6.48 million shares in an employee stock ownership plan at VND14,000 each.

HCM City SK Group will spend $470 million acquiring nearly 110 million treasury shares, or a 9.5 percent stake, in Masan Group (MSN) following a strategic partnership deal inked by both sides. SK Group will have representatives sitting to the board of MSN.

HCM City TTC Land Company (SCR) will issue over 22 million shares to pay a 2017 dividend for shareholders, using its undistributed net profit last year. After the issuance, the enterprise will raise its chartered capital from VND3.1 trillion to nearly VND3.4 trillion.

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

HCM City Finance Investment and Consulting Company has registered to sell its entire 102,700 shares at Sao Mai Group (ASM) from now to October 23.

HCM City Idico Urban & House Development Company (UIC) earned a pre-tax profit of VND46.4 billion from revenue of VND1.87 trillion from January to September, down 25 percent and up 10 percent year-on-year, respectively. The firm fulfilled 79 percent and 89 percent of its full-year revenue and profit targets, respectively.

HCM City Thanh Cong Textile Garment Investment Trading Company (TCM) has offered to buy 2.75 million shares of Savimex Corporation (SAV). The buying price is set at VND9,000 per share.

HANOI Fund manager VinaCapital and its VinaWealth Equity Opportunity Fund have offloaded 500,000 and 450,000 shares of Tasco Company (HUT), cutting their holdings to 1.03 percent and 1.2 percent, respectively. Funds under VinaCapital are still holding near 32.3 million shares at HUT, or nearly 13 percent.

HANOI Binh Duong general Printing Company will auction over 5.45 million shares at the starting price of VND12,500 each on September 25. There are three individuals joining the initial public offering, registering to buy a combined one million shares of the firm.


Category: Stocks, Vietnam

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