The management board of Hoa Binh Rubber Joint Stock Co (coded HRC) has recently approved the adjustment in 2011 business plan Accordingly, the company decided to raise the targeted pre-tax profit from 80 billion dong to 109.2 billion dong, up 36.5 percent against the previously released year plan; after tax profit from 68.26 billion dong to 95.27 billion dong, up 39 percent and dividend payment from 20 percent to 25 percent. The company adjusted the total production output to 3,000 tonnes, and targeted sales volume of 4,300 tonnes, increasing by 200 tonnes. The average consumption price would be raised from 38.49 million dong per tonne to 49.23 million dong per tonne, and sale price from 50 million dong to 37 million dong per tonne The targeted year plan was supposed to be approved among the shareholders in the coming annual meeting to be held at 8:00 on April 8, 2011 in the company’s head office located in Hamlet 7, Hoa Binh Commune, Xuan Moc Dist, Ba Ria-Vung Tau province
Apr 6 2011 | Posted in
Enterprises |
Read More »
The southern bourse-listed Vinpearl Joint Stock Co (coded VPL) has lately approved the 2011 business targets with total revenue of 1.949 trillion dong, after tax profit of 545.6 billion dong, increasing by 73 percent and 356.5 percent respectively against that of 2010 In addition, in the annual shareholders meeting held last weekend, the company’s shareholders also passed the plan of not paying 2010 dividend but using all the after tax profit of 130 billion dong for supplementing working capital. Vinpearl planned to finish construction works on infrastructure facilities of Vinpearl Nha Trang Luxury Resort for putting into operation in time in May 2011. This will be the first five-star international hotel in Vietnam so far
Apr 6 2011 | Posted in
Enterprises |
Read More »
Go Dang Joint Stock Co (STC-listed AGD) has lately approved for issuing additional 4 million shares for paying dividend and allocating bonus shares for existing shareholders in order to raise chartered capital from 80 billion dong to 120 billion dong The company would use the 2010 unallocated after tax profit of 16 billion dong and capital surplus of 24 billion dong for issuing 4 million bonus shares and pay 2010 dividend with applied ratio of 2:1 or each shareholder who owns two shares will receive one new share.
Apr 6 2011 | Posted in
Enterprises |
Read More »
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) has recently successfully organised its annual shareholders’ meeting to pass the business and operation results in 2010 and the development strategy of 2001-2010. At the meeting, Sacombank’s shareholders also agreed the operation plan of 2011 whereby the bank will hike chartered capital in 2011 and have plan of using the raised equity and other related issues. The meeting also passed the business results in 2010 with pre tax profit at 2.426 trillion dong, or 101 percent of the year’s plan and up 28 percent against 2009, total assets at 141.799 trillion dong, equalling to 105 percent of the year’s plan and rising 44 percent year-on-year, chartered capital was raised from 6.7 trillion dong to 9.179 trillion dong, fulfilling 100 percent of the year’s plan and up 37 percent y-o-y, total deposits at 126.203 trillion dong, or 106 percent of the year’s plan and up 46 percent y-o-y and total outstanding loans at 77.486 trillion dong, up 40 percent y-o-y.
Apr 6 2011 | Posted in
Enterprises |
Read More »
Duc Long Gia Lai Joint Stock Co (coded DLG) has lately issued successfully 2,134,000 convertible bonds, equalling to total bond value of 213.4 billion dong. The bonds which had a face value of 100,000 dong were issued to existing shareholders.
Apr 6 2011 | Posted in
Enterprises |
Read More »
An Phat Securities Joint Stock Co (coded APG) has approved the 2011 business plan of targeted revenue of 55.5 billion dong, after tax profit of 22.7 billion dong and dividend payment of 15 percent. In the latest annual shareholders meeting held on April 3, the company’s shareholders also passed the plan of moving floor from Hanoi Stock Exchange (HNX) to Hochiminh Stock Exchane (STC). Tran Thien Ha, APG’s general director revealed that the company has already finished preparing the application profile for submitting to the State Securities Commission (SSC) for approval and expected to finish moving floor in Q2
Apr 6 2011 | Posted in
Enterprises |
Read More »
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
China Business News