Business news in brief

The Ho Chi Minh Stock Exchange allowed HUD4 Investment and Construction Joint Stock Company (HU4) to list 15 million shares on the city bourse. The company has a charter capital of VND150 billion.

Ha Duc Chinh, BOD member of Lam Son Sugar Joint Stock Company (LSS), registered to buy 10,000 shares from September 11 to October 11. After the share purchase, he will hold 39,992 shares or 0.079 percent stake, from 29,992 units or 0.059 percent stake currently.

Thai Van Chuyen, chairman of Bien Hoa Sugar Joint Stock Company (BHS), registered to buy 50,000 shares from September 12 to October 12. After the share purchase, he aims to raise his holdings in the firm to 166,602 shares or 0.55 percent stake, from 116,602 shares or 0.39 percent stake currently.

Vietnam Investments Fund I, L.P., whose managing director is Phan Thanh Loc, BOD member of Vinafco JS Corp. (VFC), failed to buy 500,000 shares and sell 500,000 units from August 1 to September 1. After the share purchase, the fund now holds 4,661,826 shares or 13.72 percent stake. From September 12 to October 12, it registered to buy 500,000 shares to restructure its investment portfolio.

Nguyen The Phiet, a major shareholder of Manulife Progressive Fund (MAFPF1), sold 1,145,000 million fund certificates out of 1,465,300 units registered to sell from August 16 to 27 to carry out his investment plan, cutting his holdings to 320,300 fund certificates, or 1.49 percent stake, from 1,465,300 units or 6.84 percent stake earlier. From September 11 to October 11, he registered to sell all his 320,300 fund certificates to restructure his investment portfolio.

SSI Vision Fund cut its stake in Bibica Corporation (BBC) to 1,411,080 shares or 9.18 percent stake after selling 233,000 shares from August 23 to September 6.

SSI Assets Management Co., Ltd., a major shareholder of Bibica Corporation (BBC), cut its ownership to 1,474,020 shares or 9.59 percent stake after buying 227,240 shares from August 23 to September 6.

Bui Thanh Tung, deputy CEO of Kinh Do Corporation (KDC), sold 87,505 shares out of 92,505 shares registered to sell from August 6 to September 6 for personal financial need, cutting his holdings in the firm to 5,000 shares or 0.0037 percent stake, compared to 92,505 units or 0.069 percent stake earlier.

Ninh Hoa Sugar Joint Stock Company (NHS) announced that it used VND20.25 billion, collected from issuing 2,025,000 new shares in early 2012, to supplement the firm’s working capital for business activities.

Ho Thi My Hoa, head of the board of supervisors of Central Area Electrical Mechanical JSC (CJC), registered to buy 5,000 shares from September 10 to October 9 for her investment. Currently, she owns 200 shares or 0.01 percent stake.

Source: VnEconomy – Translated by Thuy Doan

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