Business and stock briefs May 27
* Vietnam Construction and Export Import Joint Stock Corp (Vinaconex-coded VCG) has recently reported the results of corporate bond issuance under the retail method. Accordingly, VCG successfully issued two trillion dong of corporate bonds at the face value of one billion dong per bond.
* Shareholders attending the annual shareholders meeting of Vietnam Power Construction Joint Stock Co (coded VNE) held on May 25 approved for issuing additional 31.72 million shares to increase chartered capital from 320 billion dong to 637.21 billion dong.
* The State Securities Commission (SSC) lately approved for Kim Long Securities Joint Stock Co (HNX-listed KLS) to increase chartered capital to 2.025 trillion dong on May 25.
* As planned, Gia Lai Sugarcane and Thermo Electricity Joint Stock Co (coded SEC) held the annual shareholders meeting on May 26 to seek for approval from current shareholders about dividend payment methods, in which the company planned to pay 2010 dividend in cash and shares at ratio of 30 percent.
* Viglacera Tien Son Joint Stock Co (coded VIT) announced June 9 would be the ex-dividend session for the company’s shareholders and June 11 of registration deadline to close the shareholders list for buying warrants of the newly issued shares.
* Ho Chi Minh Stock Exchange (STC) announced decisions to allow Hoang Anh Gia Lai Joint Stock Co (coded HAG) and Hoa Sen Group Joint Stock Co (coded HSG) to list additional shares on the southern bourse.
* Vietnam Housing Joint Stock Co (coded NVN) announced that June 7 would be the registration deadline to close shareholders list for collecting shareholders’ opinions in documents about the company’s plan of issuing convertible bonds and adjusting 2010 dividend rate from 15 percent to 20 percent.
* Hochiminh Stock Exchange (STC) announced June 2 would be registration deadline to close the shareholders list of HCM City Securities Joint Stock Co (coded HCM) for paying second round-2009 dividend in cash.
* Transforwarding and Warehouse Joint Stock Corp of HCM City (Transimex-coded TMS) has announced to issue 100 billion dong of convertible bonds to about 100 investors. Accordingly, the time to register is from May, 20 to 31.
* Vietnam Securities Investment Fund (VFMVF1) has announced its net asset value (NAV) per unit by May 20 was 24,441 dong, decreasing by 391 dong from the previous week. Manulife Progressive Fund (MAFPFl) has announced its NAV per unit was 7,061 dong, decreasing by 238 dong from the week earlier.
* Lam Son Sugar Corporation (LSS) has announced June 2 as the ex-right date for shareholders to receive 2009 third round dividend in cash at 10 percent.
* Net Detergent Joint Stock Company has applied to trade 4.5 million shares on the Hanoi Stock Exchange.
* Petroleum Pipeline & Tank Construction Co (PXT) will begin trading 20 million shares on the southern bourse on June 1 at the reference price 32,000 dong per share.
* Prudential Balanced Fund (PRUBFl) has announced its net asset value per unit by May 20 was 8,852 dong, decreasing by 146 dong against the previous week.
* Ben Thanh Group has registered to buy 1.2 million shares of Saigon general Service Corporation (SVC) within two months from May 27 to increase its ownership from 30.5 percent to 35 percent.
* Dai Viet My Construction Joint Stock Co and Phu Vinh Infrastructure Construction Investment Ltd Co on May 24 and 25 began ground breaking ceremony for Loi Chau trade centre and Phu Vinh complex of trade centre and urban and industrial zone in Vung Ang Economic Zone (EZ) in the central province of Ha Tinh.
* The high-class complex project of housing and office with a total investment of one trillion dong invested by Construction Joint Stock Co No 1 (Vinaconex 1) is expected to be in operational by 2011, according to Vinaconex 1.
* The southern bourse-listed Ba Ria-Vung Tau Housing Development Joint Stock Co announced to officially start selling apartments in the 18-storey complex of supermarket and apartments in Phu My new urban area in Tan Thanh Dist, Ba Ria-Vung Tau province from June 2 onwards.
* The resort projects in the northern region are attracting the investors thanks to reasonable prices and variety.
* Savills Vietnam Co has lately conducted a market survey about movements of domestic retail markets. The results showed that centre of HCM City has been still considered the top priority of retailers. The average rental for retail space stayed at stable level of about $85 per month.
* Vietnam National Shipping Lines Corp (Vinalines) officially started the project of upgrading Cam Ranh Seaport yesterday in Khanh Hoa province. The corporation kicked off construction on a new wharf capable to receive 50,000 dwt vessels or 30,000 dwt container carriers.
* LG Mobile Vietnam Co officially opened the first mobile phone centre in Vietnam yesterday. The new centre is addressed at No 790 Hong Bang St, Ward 1, Dist 11, HCM City.
* There is a stir in public opinion about the discovery a gold mine with a reserve of 8.1 million tonnes of ore in Okvau region, Mondulkiri province, in the Northeast Cambodia explored by Australia-based OZ Minerals Mining Co, announced Mineral Resource Department under Cambodia’s Ministry of Industry Mines and Energy.
* Duc Long Gia Lai Group Joint Stock Co (DLGL) officially held the groundbreaking ceremony for upgrading National Highway No 14 from Km887 to Dong Xoai Town (Km962) in Binh Phuoc province. The project was conducted by Duc Long Gia Lai Group as the general contractor, and investors of Duc Thanh JSC and Duc Phu JSC.
* Hochiminh Stock Exchange (STC)-listed Lilama 10 Joint Stock Co (coded L10) has announced to put into operation Lilama 10 building (first phase) including 17-story office complex and two basements on a floor area of 20,000 square metres and total investment of over 200 billion dong.
* Bunge Vietnam Co and Baria Serece Co have inaugurated two agricultural product warehouses with a combined capacity of 50,000 tonnes and the fourth crane in Phu My 1 Industrial Zone in Ba Ria-Vung Tau Province. The facilities will help Bunge Vietnam handle 25,000 to 30,000 tonnes of goods per day from vessels at Phu My Port.
* Keangnam Vina Co Ltd has inked a deal to name Colliers International Vietnam Co. as the sole provider of marketing and leasing services for the Keangnam Hanoi Landmark Tower project. The project includes a five-star hotel, commercial centre, condos and offices for lease.
* Middle Area Construction & Shipbuilding Industry Co Ltd has inaugurated an electrical-cable-for-ship factory at Hoa Khanh Industrial Park in the central city of Da Nang. The $20 million factory is expected to turn out 8,000 tonnes of products a year.
* Vina Eco Board Co Ltd, an affiliate of Japan’s Sumitomo Forestry Group, has leased 20 hectares of land at Phu An Thanh Industrial Park in Long An Province to develop a $100 million plywood plant. Work on the project is expected to begin next month to have capacity of 250,000 cubic metres a year.
* PetroVietnam Finance Corporation (PVFC) has provided a credit line of $60 million to give working capital funding for Binh Son Oil Refinery Co Ltd PVFC will also arrange credit for the company to invest in two crude oil import pipelines and two tankers at Dung Quat Oil Refinery at a cost of $32 million.
* Hoang Long Group (HLG) obtained over 19 billion dong in pre-tax profit in the first quarter of 2010, up 337 percent year-on-year, due to property business.
* Vietnam International Commercial Joint Stock Bank (VIB) has recently signed a contract to finance $25 million for Binh Son Refining and Petrochemical Co Ltd (BSR). This is part of framework contract worth $200 million with eight other co-financing banks to support the working capital for Dung Quat oil refinery.
* Southern bourse-listed Vietnam Commercial Joint Stock Bank for Industry and Trade (VietinBank-CTG)’s director board recently agreed to retail six trillion dong of long term bonds in 2010. These two year bonds will apply the floating coupon rate.
* The State Bank of Vietnam (SBV)’s governor on May 25 released a Decision No 1246/QD-NHNN allowing HCM City Housing Development Commercial Joint Stock Bank (HDBank) to issue three trillion dong of long term valuable papers in 2010.
* Ministry of Finance on May 25 granted authority Vietnam Commercial Joint Stock Bank for Industry and Trade (VietinBank-CTG) to refinance and take back the international bonds capital worth $1 billion in 2010.
* Asia Commercial Bank has opened two transaction offices in HCM City, raising the total number of its banking units in the country to 251.
* Saigon-Hanoi Commercial Bank has sought approval to trade nearly 15 million convertible bonds on the northern bourse.
Intellasia
Tags: vietnam stock, Vietnam stock market
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