Business News in Brief

PetroVietnam Fertilizer & Chemicals Corporation announced that it will use post-tax profit in the first half of this year to advance dividends for the first term of this year at a ratio of 25 percent. In 2012, the company paid dividends in three terms with total ratio of 45 percent. The company’s six-month-accumulated revenue was at VND6.1 trillion and six-month-accumulated profit was more than VND1.6 trillion, down 14.4 percent and 17 percent respectively year-on-year.

Thu Duc Housing Development Corporation (TDH) approved a delisting and conversion plan for its bonds at a ratio of 1:4.54 and conversion price of VND22,014 per share from October 14 to November 15. These bonds were issued on November 17, 2010 and will become mature on November 17, 2013 with per value at VND100,000 each and interest rate at 7 percent per annum.

Dat Xanh Real Estate Service & Construction Corporation (DXG) will issue 22.2 million shares at a price of VND10,000 per share to increase its charter capital to VND750 billion. Of which, 10.59 million shares will be sold to its shareholders at a ratio of 5:1, and the rest will be sold to its strategic partners. Money collected from the share sale will be invested in SunView Town project.

PetroVietnam General Services JS Corporation (PET) announced that it will close the list of shareholders on October 10 to advance dividends for the first term of this year in cash at a ratio of 10 percent on October 22. Last year, the company paid dividends in two terms at a total ratio of 16 percent. In the first eight months of this year, the company saw revenue of around VND7.4 trillion, and pre-tax profit of VND200 billion.

Hoa Sen Group (HSG) estimated that it got revenue of nearly VND1.06 trillion and post-tax profit of VND15 billion in August. In the first eleven months of the fiscal year of 2012-2013, its revenue exceeded VND10.67 trillion, and its post-tax profit touched VND400 billion, achieving 97 percent of revenue plan and exceeding 43 percent of profit plan for the fiscal year.

Societe De Bourbon Tay Ninh (SBT) approved to sell 4.48 million treasury shares to institutions and individuals at a price not less than VND12,000 per share to finance its working capital. After the sale, the company still has 4 million treasury shares.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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