Business news in brief

Ho Chi Minh Stock Exchange on June 18 announced that it will remove Hoang Huy Investment Services Joint Stock Company (HHS) from warning status from June 20, as the company had enough 100 shareholders who hold at least 20 percent voting stake.

From June 22 to July 22, Nguyen Trung Hieu, son of Nguyen Minh Tam, chairman of Tan Binh Import Export Joint Stock Corporation (TIX), registered to sell all 400,000 shares, accounting for 1.67 percent of the company’s chartered capital, to restructure his investment portfolio.

Between June 21 and July 21, Tanimex Joint Stock Company registered to buy 2.4 million shares of Tan Binh Import Export Joint Stock Corporation (TIX) for investment.

Nguyen Bach Mai, sister of Nguyen Thi Bach Tuyet, director of Innovative Technology Development Corporation (ITD), registered to sell all 31,190 shares for personal need from June 20 to July 20.

From June 25 to July 25, Dream House Investment Corporation (DRH) registered to sell 1,176,000 treasury shares, reducing its treasury shares to 285,850 shares.

From June 21 to July 20, Dang Quang Hanh, brother of Dang Thi Hoang Yen, chairwoman of Tan Tao Investment Industry Corporation (ITA), registered to sell 2 million shares, reducing his holdings to 3,000,303 shares, accounting for 0.67 percent of the company’s chartered capital, for personal need.

Manulife Progressive Fund (MAFPF1) reported that its net asset value slipped 1.15 percent to VND6,865 per unit on June 14; from VND6,945 per unit on June 7. The fund assigned Nguyen Le Bich Dao to become the company’s officer of internal control from June 11.

Vietnam Active Fund (VFMVFA) reported that its net asset value fell 0.56 percent to VND7,234 per unit on June 14; from VND7,275 per unit on June 7.

Vietnam Securities Investment Fund (VFMVF1) reported that its net asset value decreased by 1.13 percent to VND15,635 per unit on June 14; from VND15,814 per unit on June 7.

Vietnam Blue-chips Fund (VFMVF4) reported that its net asset value fell 0.9 percent to VND6,713 per unit on June 14; from VND6,776 per unit on June 7.

ACB Growth Investment Fund (ASIAGF) reported that its net asset value rose 0.25 percent to VND11,390 per unit on June 14; from VND11,362 per unit on June 7.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) announced that it assigned Duong Hoang Quynh Nhi, member of the Board of Directors, to hold deputy director position concurrently, and Phan Dinh Tue to hold deputy director-general position from June 14.

From June 18 to July 13, Vu Gia Hanh, member of the Board of Supervisory of Bac Kan Minerals Joint Stock Company, registered to buy 13,000 shares for investment.

From June 18 to July 17, Trinh Xuan Mai, sister of Trinh Thi Xuan Lan, chairwoman of Hong Phat Construction Investment Joint Stock Company, registered to sell 52,500 shares to restructure her investment portfolio.

Development Investment Construction Joint Stock Corporation (DIG) announced changes in its key personnel as follows: chairman Nguyen Thien Tuan left post of CEO on June 14; Nguyen Hung Cuong, member of Board of Directors cum deputy CEO, was appointed CEO from June 14; Le Minh Tuan, member of Board of Directors cum finance director, was appointed deputy CEO cum finance director from July 1; and Nguyen Quang Tin, director of Capital Investment and Management, was appointed chief accountant cum head of finance from July 1.

From June 15 to July 13, Nam Long Joint Stock Company, a major shareholder of Ben Thanh Service Joint Stock Company (BSC), registered to sell 323,115 shares to restructure investment portfolio.

Doan Thi My Dung, sister of Doan Thi Thu Huong, member of Board of Directors of Lam Dong Foodstuff Joint Stock Company (VDL), sold 8,600 shares out of 10,000 shares registered to sell from April 18 to June 11, cutting her ownership to 5,352 shares, or 0.17 percent stake.

On June 7, Maybank Kim Eng Securities Pvt. Ltd, a major shareholder of Education Cartography and Illustration Joint Stock Company (ECI) bought 26,900 shares to increase ownership to 135,300 shares, or 7.69 percent stake for investment.

On June 11, Yu Jen Chieh, a major shareholder of Higher Educational and Vocational Book Joint Stock Company (HEV) sold 100 shares, and bought 11,000 shares, raising his holdings to 67,400 shares, or 6.74 percent stake, to restructure his investment portfolio.

Do Thi Nhuong, a major shareholder of Textbook Printing Joint Stock Company (SAP), bought 93,900 shares out of 100,000 shares registered to buy and sold none out of 50,000 shares registered to sell from April 3 to June 1. After the deal, she holds 173,700 shares or 13.5 percent stake.

BIDV Securities Joint Stock Company was no longer a major shareholder of Hanoi – Hai Duong Beer Joint Stock Company (HAD) after it sold all 409,130 shares, or 10.23 percent stake on June 7.

Doan Thanh Long, chief accountant of DIC – Dong Tien Joint Stock Company (DID), sold 46,500 shares out of 55,000 shares registered to sell, and bought 27,000 shares out of 100,000 shares registered to buy from May 4 to May 31, increasing his ownership to 160,500 shares, or 3.21 percent stake.

Bui Thi Anh Vinh, member of Board of Directors of DIC – Dong Tien Joint Stock Company (DID), sold 5,000 shares out of 30,000 shares registered to sell and bought none out of 40,000 shares registered to buy from May 4-31. He currently holds 55,000 shares or 1.1 percent stake.

Orient Securities Corporation (ORS) announced that chairman Pham Linh became the company’s legal representative.

Viglacera Thang Long Joint Stock Company (TLT) appointed Le Van An as its acting director, replacing Nguyen Minh Hien from June 11.

Saigon-Hanoi Commercial Joint Stock Bank (SHB) appointed Ninh Thi Lan Phuong as deputy director-general cum chief accountant on six-month probation from June 8.

Viglacera Tien Son Joint Stock Company (VIT) appointed Doan Hai Mau to hold deputy director position from June 9.

Ho Chi Minh City Book and Educational Equipment Joint Stock Company (STC) announced that its revenue for the first five months of this year reached VND60.68 billion, up 117.69 percent compared to same period last year, and pre-tax profit was at VND2.87 billion, up 157.69 percent over the same period last year.

The company accepted the resignation of Nguyen Van Thuc, director of Professional Printing One Member Limited Company, and assigned Tran Van Hung, chief accountant, to represent STC at Professional Printing One Member Limited Company.

Source: VnEconomy – Translated by Thuy Doan

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