Business News in Brief

Viet Fund Management Corp has just submitted the first issuance file to HOSE. Fund has chartered capital of VND 202billion. It is expected to be joined the first transaction on October 10.

Petrol Vietnam trade service Corp (PVR) announced Ocean Group Corp (OGC) has registered to sell 5.04million shares since September 30 to October 24, aiming to withdraw its capital. Earlier, OGC registered 5 times to sell 5.14million shares of PVR but sold just 99,300 shares in advanced.

Thong Nhat Investment & Manufacturing Corp (GTN) has just approved the plan of transfer 15.79 percent of its capital in Thong Nhat Co.Ltd in September or October, 2014, aiming to reduce its ownership ratio at 17.54 percent, equal to VND 30billion. On October 3, GTN will officially join its transaction with reference capital of VND 10,500 per share.

PVI Corp has just approved its last half 2014’s business plan with turnover of VND 3,327billion; net profit of VND 153.4billion. PVI’s first half revenue reached VND 4,247billion; net profit of VND 105.8billion, fulfilling 57.3 percent and 43.7 percent in turn of its yearly target.

Tay Ninh Suspension Cable Corp (TCT) announced to end its sharesholders’ list on October 15 and will issue 6.39 million bonus shares to current shareholders. Thien Long Group Corp (TLG) will also end its shareholders’ list on October 8 and dividend payout ratio of 10:1.5 for the second period of 2013.

Idico Investment & Infrastructural Development Corp (HTI) has approved long term loan program from Eximbank of VND 320.4billion, aiming to call for investment capital for transportation items of National Highway 1A from built-operate transfer (BOT form). HTI has VND 1,002billion, counting to end quarter II of 2014.

Minh Phu Aquatic Group (MPC) has planned to buy 1.6million fund share with a cost of VND 20,000-10,000 from source of capital surplus and its profit of 2013; aiming to ensure interests for its shareholders before announces to delete issuance.

MPC has currently 1million fund shares which were bought in May, 2014.

Source: DTTC-Translated by M.Quyen

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