Business News in Brief

HNX will no longer post Viglacera Ba Hien Corp (BHV) and Giai Phong Gara Corp (GGG) because of their past losses of chartered capital.

Vietnam Industry & Trade Securities (VIG) and Construction & Infrastructure Development Corp (CID) will be posted on the warning list due to their losses in 2013.

VNN Investment & Trade Corp, Nghe An Oil Investment & Trade Corp (PXA), and Electricity Material Ha Noi Corp (BTH) will come with a warning due to their losses in 2012-2013.

Locogi 16 Corp (LCG) and Oil Urban & Infrastructure Investment Corp (PTL) will be posted by HOSE. Transactions will be temporarily suspended on April 8-11 due to their losses.

LCG lost VND 36.6 billion in 2012 and VND 306.1 billion in 2013. PTL lost VND 1.3 billion in 2012 and VND 137.2 billion in 2013.

Central Hydropower Corp (CHP) was approved to post 120 million shares. The company has a chartered capital of VND 1,200 billion. Their main operations are producing and building electrical products and construction consultation.

BIDV Insurance Corp (BIC) will host a meeting for shareholders on April 11 to announce plans for increasing chartered capital to VND 1,089 billion. Shareholders will pay 10 percent for dividend payout. The company will promote 30 percent bonuses for strategy shareholders.

BIC expects to reach a revenue target of VND 1 trillion, an increase of 11.7 percent, and gross profit of VND 130 billion, an increase of 3.5 percent, compared to last year.

An Giang of Sao Mai Construction & Investment Corp (ASM) will pay for 5 percent dividend ratio for existing shareholders in 2014. New shareholders will receive 20 percent bonuses. If shareholders buy two shares, they will receive one at a price of VND 10,000. This will mobilize capital for completing high-level urban area Sao Mai Binh Khanh 5 in Long Xuyen City.

Cotec Land Investment & Development (CLG) announced a 25 percent chartered capital of VND 486 billion. They are a founding shareholder of Cotec Healthcare contributing VND 120 billion.

ĐTTC – Translated by Mai Quyen

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