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Business news in brief

Binh Dinh Minerals Joint Stock Company (BMC) officially floated 4,130,810 shares on the Ho Chi Minh Stock Exchange on June 20. These are bonus shares issued for the company’s current shareholders on April 11 this year.

From June 22 to July 22, Vietnam Investment Fund, a major shareholder of Vietnam Sun Corporation (VNS), registered to buy 500,000 shares, increasing ownership to 4,227,860 shares, or 14.09 percent stake, for short-term investment.

CFR International Spa, a major shareholder of Domesco Medical Import - Export Joint Stock Corporation (DMC), bought 212,400 shares out of 757,954 shares registered to buy from April 13 to June 13 due to limited foreign room. CFR International Spa currently holds 8,181,020 shares, accounting for 45.95 percent stake.

On June 15, Tran Duc Loi, chairman of De Tam Joint Stock Company (DTA), sold 1 million shares, reducing his holdings to 2 million shares, or 20 percent stake, for personal need.

Pham Thi Kim Xuan, member of the Board of Directors cum director-general of De Tam Joint Stock Company (DTA), bought 1 million shares, increasing her ownership to 1.35 million shares, or 13.5 percent stake on June 15.

From April 18 to June 18, BI Private Equity New Markets II K/S, an internal shareholder of Hoa Phat Corporation (HPG), registered to sell 6 million shares, and buy 6 million shares to restructure its investment portfolio but failed to do the transactions due to unmatched prices. The company is holding 16,909,200 shares.

Pacific Property & Infrastructure Development and Investment Joint Stock Company (PPI) appointed Phan Dinh Tue to become a member of the Board of Directors, replacing Doan Duc Vinh from June 18.

DICO Petroleum Trading Construction Investment Joint Stock Company (PXL) appointed Nguyen Van Binh as chairman and Tran Manh Dung as director for the period 2012-2017, starting June 16.

Construction and Materials Trading Joint Stock Company (CNT) announced that the firm approved Louis T Nguyen and Nguyen Hoang Tuan to resign from their posts as a member of Board of Directors and a member of the Board of Supervisors from June 18, respectively.

Pham Quoc Khanh, a major shareholder of Construction and Materials Trading Joint Stock Company (CNT), bought 160,000 shares, raising his holdings to 561,340 shares, or 5.66 percent stake on June 14.

From June 7 to 14, Hoang Anh Tuan, member of the Board of Directors of Construction and Materials Trading Joint Stock Company (CNT), sold 25,000 shares, cutting his ownership to 5,330 shares.

Prudential Balanced Fund (PRUBF1) reported that its net asset value fell 0.87 percent to VND9,385 per unit on June 14; from VND9,467 per unit on June 7.

Nguyen Mai Bao Tram, deputy director-general of Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII), sold 484,250 shares on June 15, reducing her ownership to 9,800 shares, accounting for 0.013 percent stake.

Vu Van Thao, chairman of the Board of Directors of Bac Giang Exploitable Mineral Joint Stock Company (BGM), net sold 308,850 shares after he sold 309,850 shares out of 309,850 shares registered to sell and bought 1,000 units out of 1 million units registered to buy by June 14.

The chairman said that he sold more shares than the amount he registered because he was careless and could not buy as many shares as registered due to unfavorable prices. He currently holds 1,073,853 shares.

From June 21 to 29, Lotus-Mekong River Equity Fund, a major shareholder of Son Ha International Corporation (SHI), registered to sell 14,000 shares, reducing its ownership to 60,594 shares, or 0.23 percent stake, to restructure its investment portfolio.

Nguyen Dinh Minh Triet, son of Nguyen Minh Tam, chairman of Tan Binh Import – Export Joint Stock Corporation (TIX), sold 731,800 shares out of 820,000 shares registered to sell from April 16 to June 16 due to unmatched prices. After the deal, his holdings are 91,178 shares, or 0.38 percent stake.

Vietnam Joint Stock Commercial Bank for Industry and Trade or VietinBank (CTG) announced that its deputy chief executive officer Nghiem Xuan Thanh was appointed as chief of State Bank of Vietnam’s Governor Office from June 15.

Royal International Corporation (RIC) planned to issue 2,049,599 shares to pay dividends by shares at a ratio of 3 percent. It announced June 22 as ex-date, and June 26 as record date.

Development Investment Construction Joint Stock Corporation (DIG) announced June 26 as ex-date and June 28 as record date for seeking its shareholders’ approval in written documents for the resignation and supplement of the Board of Supervisors’ members on July 2.

Song Da Urban & Industrial Zone Investment and Development Joint Stock Company (SJS) announced to hold its 2012 annual general meeting on June 30 at National Conference Center on Pham Hung Street, Tu Liem District, Hanoi City.

Sacombank Securities Joint Stock Company (SBS) appointed Mac Huu Danh as member of the Board of Directors cum deputy director-general, and Vo Duy Dao as director-general from June 18. The company also approved resignation of Nguyen Thanh Hung, director-general, effective June 18.

Hoa Sen Group (HSG) announced that the company appointed Ho Thanh Hieu as its acting deputy CEO on June 18. The company announced June 27 as ex-date and June 29 as record date for second cash dividend payment under the plan to pay unrealized dividends for fiscal years of 2009-2010 and 2010-2011. The firm will pay dividends at VND500 per share on July 12.

Hanoi Stock Exchange announced forced delisting of 8.3 million shares of An Giang Coffee Joint Stock Company (AGC) with a total value of VND83 billion from July 17 and the last trading date as July 16.

Power Engineering Consulting Joint Stock Company 4 (TV4) announced June 22 as ex-date and June 26 as record date of dividends payment to its existing shareholders by shares at a ratio of 20 percent.

Song Da 909 Joint Stock Company (S99) will pay dividends to its current shareholders by shares at a ratio of 15 percent and give bonus shares at a ratio of 10 percent with record date on June 29, and ex-date on June 27.

From June 18 to July 12, Pham The Anh, director of Vinam Joint Stock Company (CVN), registered to sell 100,000 shares for personal need.

Phan Hai Trieu, chairman of Petro Vietnam - Nghe An Construction Joint Stock Corporation (PVA), sold 100,000 shares between May 29 and June 11, reducing his holdings to 154,810 shares, or 0.71 percent stake.

Lai Van Quan, chairman cum director-general of Construction Joint Stock Company No.6 (CT6), bought 55,000 shares, increasing his ownership to 402,025 shares, or 6.58 percent stake from June 7 to June 14.

From March 5 to June 1, Duong Minh Hoang, brother of Duong Minh Thanh – member of the Board of Supervisors of Can Tho Pesticides Joint Stock Company (CPC), sold 3,500 shares out of 10,000 shares. He currently holds 18,051 shares, or 0.46 percent stake.

Dinh Quang Chien, a major shareholder of (SEB) bought 256,500 shares on June 11, raising his ownership to 3,121,500 shares, or 24.97 percent stake, to increase his ownership ratio.

Vietnam Growth Investment Fund (VF2) under Vietnam Fund Management Joint Stock Company, a major shareholder of Song Da No5 Joint Stock Company (SD5), bought and sold no shares out of 250,000 shares registered to buy and 320,000 shares registered to sell from April 17 to June 11 due to unfavorable share prices. VF2 currently holds 603,900 shares or 6.71 percent stake.

Song Da Mechanical Assembling Joint Stock Company (MEC) assigned Truong Le Hoang Anh Thy as deputy director-general from May 22, and Pham Duc Trong, chief accountant as investor relation officer from June 7.

Tung Kuang Industrial Joint Stock Company (TKU) announced that Liu Chien Hung, deputy director-general cum chief accountant, was assigned to become director-general from June 13, and Vu Nguyen Thi Hanh to become temporary accountant until the firm recruits personnel for this post.

Source: VnEconomy – Translated by Thuy Doan

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