Business News in Brief

Da Nang Rubber Corp (DRC) announced to close its shareholders’ list on June 5 and issue 8.3million shares, plan for 2014 dividend payout ratio at 10 percent. In 2014, DRC profited VND 452billion, dividend payout ratio at 40 percent. This year, the company targets to reach revenue of VND 3,616billion with net profit of VND 455billion.

FLC Group (FLC) announced to close its shareholders’ list on May 29 and issue 75 million bonus shares to current shareholders at ratio of 20 percent from the corporation’s capital surplus, the development fund and net profit. In the first quarter of 2015, FLC profited VND 111.9billion.

Thong Nhat Investment & Production JSC (GTN) announced Tay Dai Duong Invest Corp has just registered to buy 2million shares, aiming to hold up to 9.74 percent, equivalent to 6.62million GTN’s shares. For the first quarter of 2015, GTN profited VND 10.1billion, an increase of 24.7 percent compared to the same period last year.

Son Ha International Corp (SHI) announced the first quarter of 2015’s financial report with its revenue of VND 434billion, a rise of 15.8 percent compared to the same period last year; net profit of VND 18.5 billion, 13 times higher than it compared to last year.

Hung Vuong Group (HVG) announced to buy fund share. Accordingly, HVG approved to buy 5 million shares with a cost of not over VND 18,000 per share.

Petrovietnam Southern Gas Joint Stock Company (PGS) announced to close its shareholders’ name on May 25 and start paying out the 2014 second phase’s dividend ratio of 5 percent on June 4. The first phase’s dividend payments advanced on April 20 of ratio at 10 percent. Recently, PGS said it profited VND 41.5billion for the first quarter of 2015.

Anh Duong Vietnam Joint Stock Company (Vinasun coded VNS) issued 11.3million bonus shares to its current shareholders at ratio of 20 percent from net profit worth VND 554.7billion.

PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo- coded DPM) announced to close its shareholders’ name on May 26 and advanced cash dividend payout ratio of 15 percent for the second period of 2014. DPM paid the first period’s dividend in October 2014. This year, DPM plans for dividend payout ratio of 25 percent.

Construction Joint Stock Company No 3 (VC3) said Vietnam Construction and Import-Export Joint Stock Corp (VCG) has registered to sell 51.4 percent capital at VC3 (equivalent to 4.1 million shares). In the first quarter of 2015, VC3 profited VND 3.5billion, an increase of 17.2 times compared to the same period last year.

CMC Technology Corp (CMG) announced TimedotComBerhad (the second largest enterprise in Malaysia) has just bought 25 percent capital of CMC Telecommunication Infrastructure Corp at a cost of US$ 12million and becomes its strategic shareholder.

DTTC –Translated by M.Quyen

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