Business News Briefing

Viet-Thai Electronic Cable Corp (Vithaico) has just sent its file of 5000 share issuance to Ha Noi Stock Exchange (HNX). Vithaico has its chartered capital of VND 50billion.

Its main business operation is to produce colored metals; precious metals; electronic cables and export, import machine parts…

Hoa Phat Group (HPG) has announced that Private Equity New Markets II Fund registered to sell directly 2 million shares, aiming to decrease its ownership ratio from 3.89 percent to 3.48 percent, equal 16.77 million shares. This fund sold out 2 million HPG’s shares in June 2014.

Vinh Son-Hinh River Hydroelectricity (VSH) has just approved its business plan 2014 with electricity producing of 750 million kWh; its revenue will be VND 484.7billion, gross profit of VND 214.6 billion; dividend payout ratio at 10 percent. In 2013, VSH’s net profit was VND 197.4 billion and paid dividends at a ratio of 10 percent.

Bac Lieu Fisheries Corp will mobilize VND 30billion to invest frozen store and ice factory in this year, in which, VND 20billion will be loaned from Executive Board’s members with interest rate of 7 percent per year.

Petro Vietnam Power Services Joint Stock Company (PPS) will announce its shareholder’s list on July 15. PPS will pay dividends for 2013 at a ratio of 12.5 percent on August 1. PPS expects to reach its revenue of VND 1,150 billion; gross profit of VND 23.5 billion and dividend payout ratio of 12.6 percent.

CJC will announce its shareholders’ list on July 15. The company will pay dividends for 2013 at a ratio of 30 percent on August 5. CJC plans to reach its revenue of VND 310 billion; net profit of VND 10 billion and dividend payout ratio at 16 percent.

Song Da 4 Corp (SD4) will announce its shareholders’ list on July 18; SD4 will pay 2013 dividend in cash payout ratio at 10 percent on August 15. SD4 plans to touch its 2014 revenue of VND 580 billion; net profit of VND 22.2 billion; gross profit of VND 17 billion and dividend payout ratio at 12 percent.

Source: ĐTTC –Translated by Mai Quyen

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