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You are here: Home / Archives for Dividends or share sales

Dividends or share sales

Four foreign investors keen on Minh Phu

January 30, 2019 by bizhub Leave a Comment

Four foreign investors are looking at a private offering of 75.72 million shares in Minh Phu Seafood Corporation this year. The companies are reported to be from Japan, South Korea, the United States and Japan. Minh Phu’s chairman Le Van Quang disclosed this information at a shareholder meeting on Tuesday. Last year, Minh Phu approved a plan to sell 75.72 million shares to new investors to raise capital to expand shrimp production and supplement working capital. Its charter capital is expected to increase from VND1.4 trillion to nearly VND2.16 trillion (US$92.7 million) after the share sale. Quang said these shares could be sold to one or all four investors. The selling price will not be lower than the book value recorded in the company’s latest financial statement. Quang said investors had offered that price but the company was hoping for a better deal. “The price will be much higher than the trading price on the stock market. The first criteria for selecting a … [Read more...] about Four foreign investors keen on Minh Phu

Filed Under: Markets real estate foreign investors, attracting foreign investors, Foreign investors in China, Association of Foreign Investors in Real Estate, foreign investors, foreign investor, foreign investors in us, foreign investors real estate, foreign investors council, foreign investors in brazil, phu tho que minh, phu minh, foreign institutional investor, foreign institutional investors, Foreign Portfolio Investors, Foreign Direct Investors, attract foreign investors, foreign venture capital investor, lending club foreign investors, Foreign Investors in Real Estate, foreign investor tax, foreign investor in malaysia, foreign real estate investors, Minh Phu Seafood Corporation, Markets,


Government directs capital hike for State-owned banks

September 3, 2018 by bizhub Leave a Comment

The Government is directing ministries and agencies to raise capital for State-owned commercial banks through the use of dividends or share sales this year, Deputy Prime Minister Vuong Dinh Hue said at a recent meeting. Hue revealed the news after four State-owned banks – Vietcombank, Agribank, BIDV and VietinBank – proposed the capital hike at the meeting on bad debt resolution last week as they are facing difficulties to fulfill the plan. Currently, the banks are under great pressure to hike capital to satisfy the State Bank of Viet Nam (SBV)’s regulations to meet Basel II standards in 2020. Under SBV’s Circular, banks must maintain a capital adequacy ratio (CAR) of at least 8 per cent as per Basel II norms, starting in 2020. With the new regulation, the CAR of the banks will fail to reach the minimum level set by the SBV if they fail to increase capital. Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations … [Read more...] about Government directs capital hike for State-owned banks

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KIDO Foods expects to move to HOSE this year

June 19, 2018 by thesaigontimes Leave a Comment

KIDO Foods expects to move to HOSE this yearBy Hung Le Members of the board of directors of KIDO Foods at a 2018 annual general meeting on June 18 - PHOTO: HUNG LE HCMC – KIDO Foods (KDF), under KIDO Group, intends to move from the Market for Unlisted Public Companies (UPCoM) to the Ho Chi Minh Stock Exchange (HOSE) between October 2018 and April 2019. Speaking at a 2018 annual general meeting on June 18, a board member noted that the company will complete the switch by end-2018. The board of KIDO Foods revealed that the company, in October, will have adhered to all basic conditions to have its shares listed on HOSE. A leader of KIDO Foods stressed that the transfer will be completed in 2018 or early 2019. Some investors stated that the company’s shares on UPCoM are priced below VND40,000 each, lower than it was first traded on the exchange, while the leader noted that the number of freely circulated shares accounted for 30% of the capital, equivalent to 16 … [Read more...] about KIDO Foods expects to move to HOSE this year

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BUSINESS IN BRIEF 19/6

June 18, 2018 by vietnamnet Leave a Comment

Nawaplastic still hungry for Binh Minh Plastic shares Owning a dominant stake in Binh Minh Plastic (BMP) did not quench Nawaplastic Industry Co., Ltd. (Nawaplastic)’s thirst for BMP shares. Most recently, Nawaplastic registered to buy an additional 1.17 million BMP shares to increase its holding to 44.525 million shares, equalling 54.39 per cent of the charter capital. The transaction is expected to occur between June18 and July16. The registered share volume is the remaining part of the 2.86 million shares that Nawaplastic failed to buy during previous transactions. Notably, Nawaplastic registered to buy 2.86 million BMP shares during transactions on May 14-June 12, however, the Thai investor ended up buying 1.69 million of the registered shares as BMP did not match Nawaplastic’s target price. BMP manufactures and trades civil and industrial products made of plastic and rubber. The company also designs, manufactures, and trades in plastic moulds for the casting industry; … [Read more...] about BUSINESS IN BRIEF 19/6

Filed Under: Uncategorized vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, Vietnam net news, Vietnam latest news, Vietnam breaking news

BUSINESS IN BRIEF 24/4

April 23, 2018 by vietnamnet Leave a Comment

Leaders of Ho Chi Minh City recently held a meeting with foreign-invested (FDI) businesses, calling on them to work side by side with the southern metropolis of Vietnam toward the goal of fast and sustainable development. The event on April 21 drew representatives of foreign businesses’ associations and nearly 200 FDI companies in HCM City. Secretary of the municipal Party Committee Nguyen Thien Nhan said over the past years, HCM City has made efforts to improve investment climate, step up administrative reforms, streamline procedures, increase transparency and boost IT application in the settlement of administrative procedures to enhance the attractiveness to foreign investment. As a result, the city attracted 6.6 billion USD in FDI in 2017, surging over 90 percent from the previous year. In the first quarter of 2018 alone, the figure stood at 1.37 billion USD, compared to 5.8 billion USD of the entire country. However, he said, HCM City is also facing an array of challenges … [Read more...] about BUSINESS IN BRIEF 24/4

Filed Under: The sadness of heritage FLC to upgrade Dong Hoi Airport

BUSINESS IN BRIEF 27/3

March 26, 2018 by robert Leave a Comment

Although Vietnam has stepped up exports to ASEAN, the country ran a trade deficit of US$6.51 billion with the region last year, according to data of the General Department of Vietnam Customs. Vietnam’s trade with other ASEAN countries totaled US$49.53 billion last year, up 19.6% over 2016 and accounting for 11.7% of the country’s total foreign trade. Export growth outpaced import growth but the country still incurred a yawning trade deficit with the region. The country exported US$21.51 billion worth of products to other Southeast Asian countries, growing 23.9% against the previous year, while imports grew by 16.4% year-on-year to US$28.02 billion. The surge in exports to ASEAN is thanks to higher export revenues from mobile phones and phone parts (up US$948 million), iron and steel products (up US$722 million), computers, electronic products and components (up US$488 million), crude oil (up US$378 million), and textiles-garments (up US$181 million). Meanwhile, Vietnam … [Read more...] about BUSINESS IN BRIEF 27/3

Filed Under: The sadness of heritage Hyundai Motors to open VN plant

BUSINESS IN BRIEF 26/3

March 25, 2018 by robert Leave a Comment

HCM City to host food ingredients expo The 2018 Food Ingredients Vietnam to be held in HCM City in May will showcase a large variety of food and beverage ingredients and natural ingredients. The exhibition has attracted more than 140 exhibitors from many countries and territories, Rungphech (Rose) Chitanuwat, business director of UBM Asia, the organiser, said. The expo would also feature international conferences and professional seminars, and link up businesses, she said. With more than 93 million people, of whom more than half are under 30 years of age, Việt Nam is one of the most promising food and beverage consumption markets in the region, and has a diverse range of raw materials for food and beverages, she said. Speaking at a press conference in HCM City on March 22 to introduce the expo, Ly Kim Chi, chairwoman of the Food and Foodstuff Association of HCM City, said the country’s food and beverages sector has enjoyed strong growth in recent years. The market is … [Read more...] about BUSINESS IN BRIEF 26/3

Filed Under: The sadness of heritage

BIDV raises chartered capital to VND33.5 trillion

April 28, 2014 by robert Leave a Comment

BIDV raises chartered capital to VND33.5 trillionVan Ly By Van Ly - The Saigon Times Daily HCMC – BIDV shareholders have approved a proposal for raising the bank’s chartered capital to VND33.5 trillion from VND28.1 trillion. In the capital increase plan, the Bank for Investment and Development of Vietnam will sell shares to its current investors and strategic shareholders, and pay a dividend by shares. The forthcoming share sale will lead the State ownership of the bank to fall to 86.66% from the current 95.76%. The bank said its listing on the HCMC stock exchange early this year had set a foundation for an upcoming sale of shares to a strategic foreign investor. At the bank’s general meeting last Friday, shareholders asked whether or not the bank was planning to merge with another credit institution, Tran Bac Ha, chairman of the bank, said since the State remains a majority stakeholder, the bank will not do that unless otherwise approved by the State. The 2014 … [Read more...] about BIDV raises chartered capital to VND33.5 trillion

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BUSINESS IN BRIEF 1/2

January 31, 2018 by robert Leave a Comment

PNJ targets opening at least 40 stores this yearPhu Nhuan Jewelry (PNJ) plans to open at least 40 new stores this year and have 300 by the end of April. The 40 new stores include gold stores or stores combining gold and silver retail.It has also set a net revenue target of VND14.1 trillion ($619.6 million) for the parent company this year, up 30 per cent, with after-tax profit increasing 22 per cent to VND882 billion ($38.7 million).PNJ is in the process of preparing for upgrading and modernizing its ERP system, through which it can study customer behavior at outlets and better understand customer choice.The company also plans to use big data to develop new products aimed at more specific customer groups and at the same time use digital marketing strategies to expand market share.As noted by HSC, PNJ’s sales in FY2017 increased 28 per cent year-on-year to VND10.97 trillion ($482.1 million) thanks to most segments growing strongly. Gold bar revenue increased 20 per cent, to … [Read more...] about BUSINESS IN BRIEF 1/2

Filed Under: business

BUSINESS IN BRIEF 16/1

January 16, 2018 by robert Leave a Comment

Survey helps HCM City plan policyThe 2017 Economic Survey in HCM City has provided basic data about the number of enterprises, workers, the economic efficiency of companies and administrative units and proportion of information technology application, delegates heard at last Friday’s meeting to review the survey.“Such data will be a foundation for city authorities to build action plans and set up policies for socio-economic development in an effort to encourage modern science and technology application in all economic industries and administrative units,” Lê Thanh Liêm, vice chairman of the municipal People’s Committee and head of the Steering Committee for 2017 Economic Survey said.According to the results of the survey, HCM City now has 633,637 economic, administrative and religious units, an increase of 27 per cent in comparison with 2011.Of this amount, there are 173,000 enterprises, an increase of 62 per cent in comparison with 2011 and non-State … [Read more...] about BUSINESS IN BRIEF 16/1

Filed Under: business

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