Business News in Brief

Saigon Telecommunication& Technologies Corporation (SGT) was allowed to resume trading only in the last 15 minutes of the trading session in the Ho Chi Minh City bourse from October 10 as the company had explained its loss in 2012 and plans to tackle it, as well as business plan for this year. However, this stock remains under supervision.

Ocean Hospitality & Service JSC (OCH) announced its new charter capital of VND2 trillion after successfully issuing 100 million shares at a ratio of 1:1 and at VND10,000 per share in mid-2013. In the first six months of this year, the company saw revenue at VND141.8 billion, up 38.8 percent year-on-year, and net profit at VND77.3 billion, down 22.9 percent.

Masan Group Corporation (MSN) plans to issue 29.77 million shares and 9 million shares at a minimum of VND65,000 per share for its creditors Vietnam Resource Investments (Cayman) Limited and Jade Dragon (Mauritius) Limited respectively, or for associates of these two companies from October 2013 to September 2014 to pay off its debts.

Dong A Plastic Joint Stock Company (DAG) announced that it will close the list of shareholders on October 15 to pay dividends for the year 2012 in cash at a ratio of 13.9 percent on October 25. Thus, with 13.75 million shares floating in the market, DAG will need VND19.11 billion for its dividend payment. The company paid dividends at a ratio of 10 percent in 2011, and 14 percent in 2010.

Military Commercial Joint Stock Bank (MBB) announced that it will close the list of shareholders on October 18 to issue 63.13 million shares at a price of VND10,000 per share. Of which, 53.13 million will be issued for its existing shareholders at a ratio of 20:1, and 10 million shares which are limited from transfer within a year will be issued for its employees. The company will also advance dividends for the first term of this year in cash at a ratio of 8 percent on October 30.

Saigon Hotel Corporation (SGH) has agreed to divest 468,960 shares to Hoa Sen University at a minimum of VND15,000 per share to get profit of VND5.7 billion. SHG will lend VND40 billion from banks within five years and issue bonus shares at a ratio of 1:1 to increase its charter capital to VND35.3 billion.

Danameco Medical Joint Stock Corporation (DNM) announced that in the first nine months of this year, the company revenue was VND130.5 billion and profit was VND9.2 billion.  The company’s ex-dividend date to pay dividends for the first term of this year in cash at a ratio of 15 percent will fall in November this year.

Vicem Materials Transport Cement JSC (VTV) announced its business plan for the last quarter of this year with revenue of VND890.2 billion, and profit of VND8.2 billion. The company plans to liquidate its factory and production line, terminate operation of Pha Lai Branch, and dissolve its general service trading center. In the first nine months of this year, VTV profited VND24.6 billion, achieving 75 percent of this year’s plan.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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