Business News in Brief

Hanoi Stock Exchange has put Vietnam Commercial Joint Stock Bank (NVB) into warning status and added it to the list of stocks ineligible for margin trading as the lender violated information disclosure regulations. Earlier, Saigon-Binh Dinh Energy Joint Stock Company registered to sell 16 million shares of NVB until October 9 to settle financial needs.

Nam Long Investment Corporation (NLG) plans to offer 25.5 million shares to its strategic investors from VND18,000 to VND22,000 per share in the last quarter of this year to mobilize about VND460 billion. The company will ask permission from its shareholders for this private placement in writing.

Gia Lai Sugar-Thermal Power Joint Stock Company (SEC) announced that it will sell 21.6 million shares at a price of VND10,000 per share in two stages. In the first stage, it will sell 10.4 million shares to its existing shareholders at a ratio of 100:60. Later, it will sell 11.2 million shares, of which, 10.4 million shares will be sold to its existing shareholders at a ratio of 100: 37.5, and the rest will be sold to its key officials. If the share sale is successful, SEC will have a charter capital of VND390 billion.

Bien Hoa Sugar Joint Stock Company (BHS) announced that it will close the list of shareholders on September 30 to issue 3.1 million shares for its existing shareholders at a ratio of 1:1 and at a price of VND10,000 per share. The time for rights transfer is from October 8 to 28 and the time for registration and payment is from October 8 to November 5.

Saigon Hanoi Commercial Joint Stock Bank (SHB) announced that Do Thi Thu Ha, sister of the bank’s chairman, registered to buy 5 million shares within a month, starting from September 24. Mrs. Ha now holds 12.84 million shares of SHB, or 1.45 percent stake. In the first six months of this year, SHB saw net profit of VND304.2 billion.

Song Da No.1 JSC (SD1) agreed to buy back shares from minority shareholders in Song Da 1.03 Hanoi JSC at a price not higher than VND5,000 per share to increase ownership ratio from 80.13 percent to 100 percent then merge Song Da 1.03 Hanoi JSC into SD1. In the first half of this year, SD1 got revenue of VND39.6 billion, down 48 percent year-on-year, and lost VND13.3 billion, up 39 percent compared to the loss of VND9.6 billion in the first half of 2012.

Thu Duc Trading & Import Export JSC (TMC) announced that it posted revenue of VND188 billion and post-tax profit of VND1.3 billion in August. Thus, in the first eight months of this year, its revenue exceeded VND1.5 trillion while net profit hit VND11.4 billion, achieving 68.2 percent and 75 percent of this year’s plan, respectively.

Hudland Real Estate Investment and Development JSC (HLD) announced that it will close the list of shareholders on September 27 to reward its existing shareholders at a ratio of 1:1. Earlier, the company paid dividends for the year 2012 in cash at a ratio of 25 percent on July 8, 2013.

Ha Giang Mineral Mechanics Joint Stock Company (HGM) announced that it will close the list of shareholders on September 26 to advance dividends for the first term of this year in cash at a ratio of 25 percent on October 15. With 12.6 million shares floating on the northern bourse, the company will need VND31.5 billion of cash for this dividends payment.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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