Business news in brief

Nguyen Thi Hong Hai, deputy CEO of CNG Vietnam Joint Stock Company (CNG), registered to sell 9,000 shares from August 22 to September 22 for personal financial need. After the share sale, she will hold 1,000 shares.

Ba Ria Vung Tau Province General Trading Joint Stock Company, whose equity representative is Tran Ngoc Trinh, BOD member of Petro Vietnam Low Pressure Gas Distribution JSC (PGD), registered to sell 75,000 shares from August 22 to September 22 to restructure its investment portfolio. After the share sale, the company will cut its holdings in the firm to 318,980 shares from 393,980 shares currently.

Au Viet Securities Corporation, whose vice chairman cum CEO is Nguyen Hoang Long, BOD of Vung Tau Real Estate and Construction JSC (VRC) registered to buy 500,000 shares from August 22 to September 22 for investment. The company is expected to raise its holdings to 2,286,107 shares or 15.76 percent stake, from 1,786,107 units or 12.31 percent stake currently.

Dao Ngoc Hoa, standing BOD member of Royal International Corporation (RIC), registered to buy 2 million shares from August 22 to September 22 for personal investment.

Pan Pacific Corporation (PAN) registered to sell all its 200,000 treasury shares from August 22 to November 22 this year to supplement working capital.

Vietnam Rubber Industry Corporation, whose head of Basic Construction Committee is Huynh Trung Truc, chairman of Ben Thanh Rubber JSC (BRC), registered to buy 690,920 shares from August 22 to September 22 to raise its holdings to 2,062,000 shares or 24.99 percent stake from 1,371,080 shares or 16.62 percent stake currently.

Le Tien Dung, CEO of Hoi An Tourist Holding Company (HOT) bought 2,410 shares out of 40,000 shares registered to buy from July 17 to August 15 due to low liquidity, increasing his ownership to 146,140 shares, or 1.83 percent stake from 143,730 shares or 1.79 percent stake earlier.

TMT Automobile JSC (TMT) has terminated labor contracts of Ta Thi Hoa Binh and Nguyen Thanh Nga of its Finance-Accounting Department upon their personal requests from August 20, 2012. The company assigned Lam Thi Hien, deputy head of Finance-Accounting Department to temporarily be in charge of the department.

Van Tuan Anh, chairman of Petro Vietnam Gas City Investment and Development JSC (PCG), registered to buy 30,000 shares from August 15 to September 12 to increase his ownership. He currently owns 71,300 shares or 0.38 percent stake.

Nguyen Van Thu, brother of Nguyen Dinh Tu, chairman of Wall Street Securities JSC (WSS), sold 30,000 out of 57,200 shares registered from July 11 to Aug 13, cutting his ownership to 27,200 shares or 0.05 percent stake. From August 20 to September 13, he registered to sell all his 27,200 shares.

Ngo Huu Tai, chairman cum director of Ben Tre Construction Material JSC (VXB), bought 10,500 out of 100,000 shares registered to buy from July13 to August 10 due to unmatched prices, increasing his ownership to 185,526 shares or 4.58 percent stake.

Maybank Kim Eng Securities Pvt. Ltd, major shareholder of Van Lang Technology Investment and Development JSC (VLA), increased ownership to 121,900 shares or 12.15 percent stake from August 13, 2012 after buying 10,300 shares.

Dai Chau JSC (DCS) announced that the appointment of Tran Thi Thuy Lieu as its chief accountant, replacing Dang Thanh Nga from August 13, 2012.

Thien Hoa Financial Investment JSC was no longer major shareholder of Da Nang Education Investment and Development JSC (DAD) from August 13 after selling 99,900 shares, cutting ownership to 191,100 shares or 4.02 percent stake.

Ha Nam Mineral Import Export JSC (MIH) appointed Nguyen Xuan Thinh as temporary chief accountant from August 1, 2012 during the period its chief accountant Tran Thi Hai Yen takes her maternity leave.

Source: VnEconomy – Translated by Thuy Doan

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