Business news in brief

Transport Engineering Construction & Business Investment Joint Stock Company 584 (NTB) will pay dividends for the year 2010 to its current shareholders in shares at a ratio of 10.5 percent. The company will close its list of shareholders on June 22.
 
Sea & Air Freight International (SFI) announced that it will close the list of shareholders on June 26 to pay dividends for the year 2011 to its current shareholders in cash at a ratio of 15 percent on August 8.
 
IDICO Infrastructure Development Investment Joint Stock Company (HTI) will close the list of shareholders on June 25 to pay dividends for the first term of 2011 to its current shareholders in cash at a ratio of 7 percent on July 16.
 
Petro Vietnam Power Services Joint Stock Company (PPS) will pay dividends for the year 2011 to its current shareholders in cash at a ratio of 14 percent on July 16. The list of shareholders will close on July 2.
 
Post - Telecommunication Joint - Stock Insurance Corporation (PTI) announced that it will close the list of shareholders on June 22 to pay dividends for the year 2011 in cash at a ratio of 13 percent, and give bonus shares to its current shareholders at a ratio of 12 percent on July 23.
 
Hanoi Educational Book Joint Stock Company (EBS) will close the list of shareholders on June 22 to pay dividends for the year 2011 to its current shareholders in cash at a ratio of 4 percent on July 26.
 
Sacombank Securities Joint Stock Company (SBS) planned to issue 10 million shares to its strategic partners at a price of VND10,000 per share to raise additional capital. SBS will hold the annual shareholders meeting on June 16 and will ask its shareholders’ opinion about the issuance. In the first quarter of 2012, SBS ran at a loss of nearly VND660 billion. The company lost nearly VND610 billion in the last quarter of last year.
 
Hoa Sen Group (HSG) announced that its revenue was VND936.4 billion in May this year. Its accumulated revenue for eight months in the fiscal year 2011-2012 reached more than VND6.96 trillion, accounting for 68.3 percent of the company’s business plan. The company reported profit of VND50.3 billion in May, and eight-month-accumulated profit of VND250.8 billion, surpassing by 4.5 percent over the business plan.
 
TNG Investment and Trading Joint Stock Company approved to contribute VND3.5 billion to establish TNG Fashion Joint Stock Company. It will hold 35 percent of TNG Fashion Joint Stock Company’s stake. TNG Fashion Joint Stock Company has a chartered capital of VND10 billion and mainly produces and trades ready-to-wear clothes.
 
Vimedimmex Medi-Pharma Joint Stock Company (VMD) has just been warned across the market by Ho Chi Minh City Stock Exchange for constantly violating regulations on regular and irregular information disclosure. Earlier, HOSE warned VMD for late disclosure on the resolution of the Board of Directors on 2012 business plans and strategies for 2012-2015.
 
Tai Nguyen Corporation (TNT) will hold annual shareholders meeting on June 28 to approve the investment in real estate project Tai Nguyen Eco-City which costs VND580 billion for the first stage; the issue of 21.5 million shares to increase chartered capital to VND300 billion from 85 billion, of which 850,000 shares are used to pay dividends for the fiscal year 2010-2011, 150,000 shares to rewards its employees, 17 million shares to sell to its current shareholders at a ratio of 1:2 and at a price of VND10,000 per share, 500,000 shares to sell to its employees at VND10,000 per share, and 3 million shares to sell to its strategic partners. This year, TNT plans to achieve revenue of VND200 billion, post-tax profit of VND12.7 billion, earning VND1,500 per share, and dividends payout ratio of 15 percent.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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