Sài Gòn-Hà Nội Securities JSC (SHS) plans to offer nearly 102 million shares for sale as it wants to increase charter capital and fund its business activities. — Photo tinnhanhchungkhoan.vnViet Nam News HÀ NỘI — Sài Gòn-Hà Nội Securities JSC (SHS) plans to issue more than 101.8 million shares to provide funding for its business activities and double its charter capital. Of the amount, SHS will issue 26.3 million bonus shares to pay a dividend for its 2017 earnings, equal to a dividend payout rate of 25 per cent. Funding for the share issuance will be extracted from its 2017 post-tax profit. Shareholders will have to complete registration to receive payment by January 15, 2019. SHS will later offer 70.3 million shares to existing shareholders at VNĐ12,000 (US$0.53) per share to raise VNĐ843 billion ($37 million). The deadline for shareholders’ registration is also set at January 15, 2019. Transactions … [Read more...] about SHS to sell nearly 102 million shares to raise capital
Bonus share issue
Yeah1 plans to issue shares to raise charter capital
Media firm Yeah1 plans to triple its charter capital by raising VNĐ626 billion (US$27.5 million) from a share issuance. — VNS Pho Viet Nam News HÀ NỘI — Multi-channel media group Yeah1 has announced a plan to issue nearly 62.56 million bonus shares at the rate of 200 per cent in 2019. Each shareholder will receive two new shares for every share he or she already owns. Bonus shares will be available to trade on the stock market after the issuance date. The share issuance will help Yeah1 triple its charter capital to VNĐ938 billion (US$41.2 million) from its current VNĐ312 billion. The value of the deal is nearly VNĐ625.6 billion and the share issuance funding is taken from the company’s share premium recorded in its audited financial report for 2018. As of September 30, Yeah1 had VNĐ1.13 trillion in its share premium and VNĐ73 billion in undistributed post-tax profit. In the first nine months of the year, Yeah1 recorded … [Read more...] about Yeah1 plans to issue shares to raise charter capital
RDP to issue 5.66m bonus shares
Rang Dong Plastic JSC plans to issue nearly 5.66 million bonus shares due to its 2017 performance at the ratio of 20 per cent.— Photo cafef.vn Rang Dong Plastic JSC plans to issue nearly 5.66 million bonus shares due to its 2017 performance at the ratio of 20 per cent. This means each shareholder will receive 20 new shares for every 100 shares they own, with the share issuance worth nearly VND56.6 billion (US$2.5 million). The company is listing more than 28 million shares on the HCM Stock Exchange under code RDP. Its shares soared 6.7 per cent to close Wednesday at VND14,300 ($0.63) per share. The company recorded VND1.32 trillion of net income in 2017, a yearly increase of 12 per cent. RDP reported losses of VND55 billion from its business activities last year due to sharp increases in sales and corporate governance costs. However, the company’s financial statement reported its undistributed post-tax profit for 2017 reached VND69 billion as RDP sold a part of its … [Read more...] about RDP to issue 5.66m bonus shares
Yeah1 Group announces 2:1 bonus issue
Media network Yeah1 has announced plans to issue two bonus shares for every one share held. — VNS Photo Viet Nam News HCM CITY – Media network Yeah1 Group (YEG) has announced a two-for-bonus issue subject to approval at the annual general meeting. YEG said its business continued to perform well and the company is on track to achieving its financial targets for the year. In the first half of this fiscal year, its revenues grew 117.3 per cent year-on-year to VNĐ679 billion (US$29.7 million). It has sought approval from the State Securities Commission to remove its foreign ownership limit, which stands at 49 per cent. This will enable it to get additional foreign investment. Yeah1 Group was founded in 2006 and has grown across verticals and media channels. It is now aggressively expanding into the region and beyond for its digital ambitions. It has several successful divisions, leveraging on its massive community to build on its movie, television, digital … [Read more...] about Yeah1 Group announces 2:1 bonus issue
MCH finalising bonus share list
Masan Consumer JSC will finalise the list of beneficial shareholders that will receive 79.55 million bonus shares on August 28. — Photo cafef.vn HÀ NỘI — Masan Consumer JSC will finalise the list of beneficial shareholders that will receive 79.55 million bonus shares on August 28. The bonus shares are issued at the rate of 15 per cent, meaning each shareholder will receive 15 new shares for every 100 shares she or he holds. The value of the deal is VNĐ795 billion (US$35.3 million), taken from Masan Consumer’s share premium capital. According to the company’s audited 2017 financial report, its share premium capital was VNĐ5.08 trillion. Masan Consumer has another VNĐ1.64 trillion worth of treasury shares. In the first six months of 2018, Masan Consumer recorded VNĐ7.34 trillion in net revenue, up 34 per cent year on year. Its post-tax profit rose 146 per cent year on year to reach VNĐ1.54 trillion in the … [Read more...] about MCH finalising bonus share list
VPBank plans to issue 33.7 million ESOP shares
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) plans to issue 33.7 million ESOP shares in 2018 to its employees. — Photo cafef.vnViet Nam News HÀ NỘI — Vietnam Prosperity Joint Stock Commercial Bank (VPBank) plans to issue nearly 33.7 million shares for its employees in the form of an employee stock ownership plan (ESOP) at the price of VNĐ10,000 per share. VPBank said in its statement that the bonus shares will be unavailable for trading for three years from the issuance date. VPBank has not decided on its issuance date but the bank expects to gain the approval of the State Securities Commission to issue the bonus shares in 2018. After the issuance, if its employees cannot absorb all the bonus shares, VPBank will sell the remainder at a rate above VNĐ10,000 (US$0.44) per share or terminate the remaining amount of shares and only record the number of shares sold to employees. VPBank is trading a total of 2.42 billion shares on the equity … [Read more...] about VPBank plans to issue 33.7 million ESOP shares
VPBank to buy back 73 million shares
VPBank plans to buy back 73 million shares for nearly VNĐ2.5 trillion (US$111 million). — Photo baogiaothong.vnViet Nam News HÀ NỘI — The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will buy back more than 73.2 million shares as treasury shares. The shares were issued by the bank as preferred bonus shares on July 8, 2015. VPBank will buy the shares at nearly VNĐ34,000 (US$1.5) per share, it said in a filing to the HCM Stock Exchange. The total value of the deal is estimated to be nearly VNĐ2.5 trillion ($111 million). The transactions will be carried out between July 9 and 20. VPBank has some 2.4 billion outstanding shares at the moment, of which more than 1.3 billion shares are listed on the HCM Stock Exchange under code VPB. VPB fell 1.1 per cent to close Tuesday at VNĐ32,550 per share. VPBank recently announced the bank would finalise the list of shareholders who will receive 20 per cent cash dividend on Friday. The value … [Read more...] about VPBank to buy back 73 million shares
HDG issues bonus shares
The first phase, it will issue 11.4 million bonus shares at ratio of 15 percent, with capital sourced from its capital surplus, development investment fund and after tax profit. The second phase, it plans to issue 7.6 million shares at a cost of VND 10,000 per share with the ratio at 10 percent. Total mobilization capital is expected to reach VND 76billion, which will be added in Ha Do-Binh Thuan Corp (HDG occupies 75 percent of capital). In the first quarter of 2018, HDG’s revenue reached VND 240 billion, an increase of 40 percent against 2017; after tax profit was VND 34.5billion. DO DOAN –Translated by T.Tran Tags: HDG bonus share shareholders … [Read more...] about HDG issues bonus shares
Hòa Phát to issue 606 million bonus shares
Steel producer Hòa Phát Corporation plans to issue more than 606.8 million bonus shares, worth VNĐ6 trillion (US$266.7 million), to pay a 40 per cent dividend for its performance in 2017. — Photo ndh.vn HÀ NỘI — Steel producer Hòa Phát Corporation plans to issue more than 606.8 million bonus shares, worth VNĐ6 trillion (US$266.7 million), to pay a 40 per cent dividend for its performance in 2017. Each shareholder will receive four additional shares for every 10 shares owned. The share issuance is scheduled in the second or third quarter of 2018, after receiving approval from the State Securities Commission. The share issuance will increase the firm’s charter capital to VNĐ21.2 trillion from VNĐ15.2 trillion. In 2017, Hòa Phát Corporation posted VNĐ46 trillion in net revenue, a yearly increase of 38.7 per cent. Its post-tax profit in 2017 rose 21 per cent year on year to more than VNĐ8 … [Read more...] about Hòa Phát to issue 606 million bonus shares
PNJ plans to issue 54 mln bonus shares
In 2017, PNJ’s revenue reached VND 11,049 billion (increase of 28 percent). Of these, retail revenue was VND 5,780 billion (up 39 percent); pre-tax profit gained over VND 908 billion (up 54 percent) bringing the total revenue of up to VND 1,9trillion (up 36 percent). It expanded more 50 stores last year, totaling the number of stores cross over the country up 269. Mr. Le Tri Thong, General director said in the 2018-2022 period, the company will operate in electronics trade sector as well, and targets to reach online marketing revenue up to VND 150billion. It will be VND 1trillion in 2021. At the meeting, its shareholders approved to issue bonus shares on a 50 percent ratio. As plan, PNJ will issue more 54 million-bonus shares for current shareholders on a 2:1 ratio. HAI HO –Translated by T.Tran Tags: PNJ shareholder meeting bonus shares revenue … [Read more...] about PNJ plans to issue 54 mln bonus shares