Business news in brief

From August 10 to September 18, Phan Chien Thang, chairman cum CEO of Electronics Communications Technology Investment Development Corporation (ELC), registered to buy 500,000 shares, increasing his ownership to 3,322,625 shares, or 9.07 percent stake, for investment purposes.

Saigon Petroleum Limited Company, a major shareholder of Materials - Petroleum JSC (COM), registered to buy 400,000 shares from August 14 to September 14. After the share purchase, Saigon Petro aims to raise its holdings to 4,166,850 shares or 30.3 percent stake, from 3,766,850 shares or 27.39 percent stake currently.

An Giang Travel Joint Stock Company, a major shareholder of Viet An Joint Stock Company (AVF), sold 790,760 shares out of 1,016,100 shares registered to sell from July 10 to August 10 due to unmatched prices, cutting its ownership to 225,340 shares.

Nguyen Thi Thao Nguyen, deputy CEO of Hoa Phat Group Joint Stock Company (HPG), registered to sell 30,000 shares from August 20 to September 20 for personal finance. After the share sale, she will hold 10,095 shares or 0.003 percent stake, from her current holdings of 40,095 units or 0.01 percent stake.

Tran Tuan Duong, vice chairman cum CEO of Hoa Phat Group Joint Stock Company (HPG), registered to buy 160,000 shares from August 20 to September 20 to raise his holdings to 9.4 million shares or 2.69 percent stake from 9.24 million shares or 2.65 percent stake currently.

Nguyen Thi Hiet, head of the Board of Supervisors of Duyen Hai Multimodal Transport Joint Stock Company (TCO), registered to buy 20,000 shares from August 16 to September 14. After the share purchase, she aims to raise her holdings to 25,000 shares from current 5,000 units.

Nguyen Thi Bich Thuy, sister of Nguyen Dinh Chung, chairman cum CEO of Duyen Hai Multimodal Transport Joint Stock Company (TCO), bought 5,000 shares as registered on August 10. After the share purchase, she raised her holdings in the firm to 8,411 shares or 0.07 percent stake from 3,411 units or 0.03 percent stake earlier.

Gia Lai Electricity JSC, whose CEO is Tan Xuan Hien, BOD member of Tay Nguyen Electricity Investment JSC (TIC), registered to buy 1,280,910 shares from August 14 to September 14. After the share purchase, Gia Lai Electricity JSC aims to raise its holdings to 15,313,384 shares or 62.11 percent stake from 14,032,474 shares or 56.91 percent stake currently.

Red River Holding, a major shareholder of FPT Corporation (FPT), registered to buy 1 million shares from August 16 to September 14 for short-term investment. After the share purchase, Red River Holding is expected to raise its holdings in the firm to 15,979,819 shares or 5.84 percent stake from 14,979,819 shares or 5.47 percent stake currently.

From July 27 to August 10, Chu Thi Trung, wife of Dinh Ngoc Huy, deputy director of Petro Vietnam Low Pressure Gas Distribution Joint Stock Company (PGD), sold 37,500 shares, cutting her holdings to 8 shares, for personal expenses.

During the same period, Dinh Ngoc Huy, deputy director of Petro Vietnam Low Pressure Gas Distribution Joint Stock Company (PGD), sold all 40,690 shares for personal expenses.

On August 6, Nhan Tuan Phong, a major shareholder of Pacific Property & Infrastructure Development and Investment Joint Stock Company (PPI), bought 25,500 shares, raising his ownership to 621,110 shares, or 5.08 percent stake.

On August 10, SSI Asset Management, a major shareholder of Electronics Communications Technology Investment Development Corporation (ELC), bought 327,820 shares, sold 7,500 shares, and received 517,740 bonus shares, sending its holdings to 2,664,220 shares, or 7.27 percent stake.

Nguyen Thi Sinh, wife of Pham Ngoc Phu, BOD member of Da Nang Rubber Joint Stock Company (DRC), bought 1,000 shares on July 30.

From July 10 to August 10, Nguyen Thi Minh Thu, sister of Nguyen Minh Khoa, acting deputy CEO of Hoa Sen Group (HSG), sold 8,700 shares, cutting her holdings to 9 shares, for personal financial needs.

Petro Vietnam Finance Joint Stock Corporation (PVF), which is related to Pham Truong GIang, member of Fund Representative Board of Prudential Balanced Fund (PRUBF1), sold 500,250 fund certificates out of 1.8 million units registered to sell by August 9 to restructure its investment portfolio due to unfavorable market conditions. After the sale, PVF now holds 1,299,750 fund certificates or 2.6 percent stake.

Vu Thi Hang, wife of Nguyen Van Loc, CEO of Bien Hoa Sugar JSC (BHS), bought 8,280 shares out of 10,000 shares registered to buy from July 13 to August 13, raising her holdings in the firm to 105,226 shares or 0.35 percent stake from 96,946 units or 0.32 percent stake earlier.

SSI Vision Fund (SSIVF) was no longer a major shareholder of National Seed Joint Stock Company (NSC) after selling 284,240 NSC shares on Aug 10, 2012. SSIVF currently holds 157,140 shares or 1.9 percent stake from 441,380 units or 5.35 percent stake earlier.

Vu Hong Nga, wife of Nguyen Trung Dan, BOD member of Petro Vietnam Gas Joint Stock Corporation (GAS), sold 5,000 shares as registered from July 23 to August 10 for personal consumption, reducing her holdings to 2,800 shares.

Ha Tien 1 Cement Joint Stock Company (HT1) announced that it dissolved its branch, namely Ha Tien 1 Construction Factory from August 13, 2012.

Binh Thanh Import-Export Production and Trade Joint Stock Company (GIL) bought back 15,000 treasury shares as registered from July 16 to August 8.

Source: VnEconomy – Translated by Thuy Doan

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