Business news in brief

From July 2 to August 2, Bui Ngoc Quoi, CEO of Savimex Corporation (SAV), registered to buy 10,000 shares, increasing his ownership to 17,585 shares, or 0.18 percent stake, to raise his ownership ratio.

Nguyen Huy Quang, CEO of Bac Giang Exploitable Mineral Joint Stock Company (BGM), registered to sell all 172,000 shares from June 29 to July 29 to balance personal finances.

From July 2 to August 8, Pham Nghiem Xuan Bac, a BOD member of Ho Chi Minh City Securities Corporation (HCM), registered to sell 100,000 shares, cutting his ownership to 530,540 shares, or 0.53 percent stake, to restructure his investment portfolio.

Nguyen Dinh Minh Triet, son of Nguyen Minh Tam, chairman of Tan Binh Import – Export Joint Stock Corporation (TIX), registered to sell all 91,170 shares from June 29 to July 29 to restructure investment portfolio.

Vietnam Securities Investment Fund (VFMVF1) reported that its net asset value climbed 0.87 percent to VND15,771 per unit on June 21, from VND15,635 per unit on June 14.

ACB Growth Investment Fund (ASIAGF) reported that its net asset value upped 0.25 percent to VND11,419 per unit on June 21, from VND11,390 per unit on June 14.

Prudential Balanced Fund (PRUBF1) reported that its net asset value upped 0.9 percent to VND9,469 per unit on June 21, from VND9,385 per unit on June 14.

Vietnam Active Fund (VFMVFA) reported that its net asset value increased 0.002 percent to VND7,234 per unit on June 21, from VND7,234 per unit on June 14.

Vietnam Blue-chips Fund (VFMVF4) reported that its net asset value rose 1.2 percent to VND6,793 per unit on June 21, from VND6,713 per unit on June 14.

Manulife Progressive Fund (MAFPF1) reported that its net asset value increased by 1 percent to VND6,936 per unit on June 21, from VND6,865 per unit on June 14.

Peng Shih Ting, deputy CEO of TAICERA Ceramic Joint Stock Company (TCR), bought 10,000 shares out of 30,000 shares registered to buy from May 22 to June 22, raising his ownership to 15,308 shares, or 0.04 percent stake.

Between June 19 and 22, Nguyen Manh Hung, father of Nguyen Hoang Anh, chairman of Sea and Air Freight International (SFI), sold all his 410,000 shares.

Hung Vuong Corporation (HVG) announced that it will contribute more than VND8.8 billion, or 25 percent stake, to Tac Van Frozen Seafood Processing Export Company.

On June 25, Doan Thi My Hong, a BOD member of Dai Thien Loc Corporation (DTL), sold 74,875 shares, reducing her holdings to 10,000 shares, or 0.02 percent stake, for personal financial need.

Song Da Investment and Construction Joint Stock Company whose representative is Nguyen Thi Hong Hai, BOD member of Ocean Group Joint Stock Company (OGC) bought 13,333,333 shares out of 13.4 million shares registered to buy from April 24 to June 24 due to unmatched prices. The company currently holds 20,590,171 shares of OGC.

The Board of Directors of Mien Dong Joint Stock Company (MDG) approved adjustment in source of fund to buy 1 million treasury shares. Accordingly, the company will use undistributed profit and premium share capital recorded by December 31, 2011 to buy 1 million treasury shares.

From May 17 to June 22, Nguyen Thi Hong Hoi, wife of Nguyen Van Hieu, chairman of Da Nang Rubber Joint Stock Company (DRC), bought 50,000 shares, increasing her ownership to 399,097 shares, or 0.58 percent stake.

Hoang Manh Thang, BOD member of Da Nang Rubber Joint Stock Company (DRC), bought 25,010 shares out of 75,000 shares registered to buy from May 25 to June 25 for investment, and sold none of 75,000 shares registered to sell during the same period due to unfavorable prices. He currently holds 150,010 shares, or 0.22 percent stake.
Sea and Air Freight International (SFI) announced Nguyen Cao Cuong, CEO cum BOD member, as the company’s legal representative.

By June 25, Mekophar Pharmaceutical Joint Stock Company (MKP) purchased 109,405 treasury shares, or 1.08 percent stake, out of 2,866,538 shares, or 28.34 percent stake, registered to buy from May 17 to June 18. The firm now holds 277,646 treasury shares, representing 2.74 percent stake.

Mechanics Construction and Foodstuff Joint Stock Company (MCF) will officially float 4.5 million additional shares on Hanoi Stock Exchange on June 27.

From June 27 to July 26, Tran Thanh Giang, chief accountant of Song Da 11 - Thang Long Joint Stock Company (SEL), registered to buy 50,000 shares to increase his ownership ratio.

Phan Van Hai, head of the Board of Supervisors of Phu Thinh - Nha Be Garment Joint-Stock Company (NPS), registered to buy 15,000 shares from June 28 to July 20, to restructure his investment.

From June 27 to July 20, Tran Van Hau, chairman of Seafood Joint Stock Company No.1 (SJ1), registered to sell all his 932,910 shares, or 24.23 percent stake, to restructure his investment portfolio.

Vinaconex - PVC Construction Investment Joint Stock Company (PVV) assigned Bui Anh Ninh, deputy CEO, as BOD member for the period 2012-2017.

On June 15, Board of Directors of Telecommunications Informatics Electronics Joint Stock Company (KST) agreed to contribute VND2.45 billion to establish KASATI Energy Service Joint Stock Company. KST assigned Luu Ngoc Huong, chairman cum CEO of KST, and Le Minh Tri, BOD member cum deputy CEO of KST, to become BOD member of KASATI Energy Service Joint Stock Company.

Vnstone Natural Stone Joint Stock Company whose equity representative is Dinh Thanh Binh, member of Board of Directors of Vinavico Joint Stock Company (CTA), bought 14,200 shares out of 150,000 shares registered to buy from April 25 to June 20, and sold 118,900 shares out of 150,000 shares registered to sell during the same period due to unmatched prices. After the transactions, the company holds 47,200 shares, or 0.52 percent stake.

On June 19, MayBank Kim Eng Securities Pvt. Ltd, a major shareholder of West Coach Station Joint Stock Company (WCS), bought 25,200 shares, increasing its ownership to 156,800 shares, or 6.27 percent stake, for investment.

Pham Xuan Phuong, BOD member of Wall Street Securities Company (WSS) failed to sell 1.7 million shares registered to sell from April 26 to June 20 due to unmatched prices, keeping his holdings at 1.7 million shares, or 3.38 percent stake.

Nguyen Dinh Son, BOD member of CTC Gia Lai Joint Stock Company (CTC), failed to sell 93,280 shares registered to sell between May 21 and June 21. He currently holds 93,280 shares, or 1.06 percent stake.

On June 19, Nguyen Phan Ngoc Dung, a major shareholder of Can Tho Mineral and Cement Joint Stock Company (CCM), bought 11,500 shares, increasing holdings to 236,500 shares, or 5.14 percent stake.

Source: VnEconomy – Translated by Thuy Doan

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