Business news in brief

Saigon Thuong Tin Real Estate Joint Stock Company (SCR) announced that it will close the list of shareholders on June 28 to pay dividends for the year 2010 by shares at a ratio of 30 percent.

Saigon Thuong Tin Real Estate Joint Stock Company (SCR) announced that it will close the list of shareholders on June 28 to pay dividends for the year 2010 by shares at a ratio of 30 percent.

Saigon Machinery Spare Parts Joint Stock Company (SMA) will close the list of shareholders on June 25 to convert VND80.6 billion of convertible bonds issued in July 2010 into shares at a ratio of 1:10 on July 1.

PVI Holdings (PVI) will close the list of shareholders on June 29 to pay dividends for second term of 2011 and advance 7 percent of dividends for the first term of this year in cash on September 27.

Ho Chi Minh Stock Exchange (HOSE) announced that Hanoi Securities Company, SME Securities Corporation, Truong Son Securities Company, and Dong Duong Securities Inc. will not pilot the market order trading because their membership at HOSE had ended. Kenanga Vietnam Securities Corporation and National Securities Inc. will join the pilot program at the end of July. Market order trading will be piloted in three months, starting from July 2.

Saigon Tourist Transport Corporation (STT) has been put into warning status for constantly violating regulations on information disclosure. The company got revenue of VND9.9 billion in the first quarter of this year, a drop of more than VND5 billion over the same period last year, and its pre-tax profit dropped to VND4.73 million from VND59.8 million of the same period last year.

Electronics Communications Technology Investment Development Corporation (ELC) has just signed a contract with the Ministry of Defense to provide eye sea system costing nearly VND70 billion. In the first four months of this year, ELC gained net profit of VND31 billion, and earning VND1,041 per share.

SSI Investment Member Fund, a shareholder of Binh Thanh Import Export Production and Trade Joint Stock Company (GIL), registered to buy 500,000 shares from June 25 to July 27, increasing its ownership to 510,000 shares, or 4.22 percent stake, to restructure its investment portfolio.

SSI Investment Member Fund whose CEO is Le Thi Le Hang, a member of the Board of Directors of Long An Food Processing Export Joint Stock Company (LAF), registered to buy 200,000 shares, or 1.36 percent stake from June 25 to July 24 to restructure investment portfolio.

Lam Thieu Quan, CEO of Innovative Technology Development Corporation (ITD) will inherit 128,973 shares, increasing his holdings to 500,102 shares from June 25 to July 27. He currently holds 3 percent stake in the company.

Vietnam National Shipping Lines (Vinalines) whose capital represented by Do Van Nhan, chairman of General Forwarding & Agency Corporation (GMD), registered to sell all 180,011 shares between June 22 and July 20 to restructure portfolio.

Vinalines also registered to sell 400,000 shares of Viet Nam Container Shipping Joint Stock Company (VSC) from June 25 to July 25, cutting its ownership to 24,860 shares, to restructure portfolio.

From June 22 to July 22, Nguyen Khanh Hung, member of the Board of Directors cum deputy director-general of Dat Xanh Real Estate Service and Construction Corporation (DXG), registered to sell 25,000 shares, reducing his ownership to 123,844 shares, or 0.39 percent stake, for personal need.

SSI Investment Member Fund whose deputy CEO is Nguyen Thanh Tung, vice chairman of Southern Seed Joint Stock Company (SSC), registered to buy 200,000 shares from June 25 to July 24, increasing its holdings to 210,000 shares, or 1.42 percent stake, to restructure investment portfolio.

Gia Dinh Real Estate Company, a major shareholder of Binh Thanh Import Export Production and Trade Joint Stock Company (GIL), failed to sell 1 million shares registered to sell from April 19 to June 19 due to unmatched prices. Currently, Gia Dinh Real Estate Company holds 629,940 shares of GIL or 5.22 percent stake.

From April 19 to June 19, Thanh My Garment Company, a major shareholder of Binh Thanh Import Export Production and Trade Joint Stock Company (GIL), failed to sell 1 million shares due to unmatched prices. Currently, Thanh My Garment Company holds 603,011 shares of GIL or 5 percent stake.

From April 18 to June 19, Nguyen Thanh Nghia, member of the Board of Directors of Ben Tre Aqua Product Import and Export Joint Stock Company (ABT), registered to buy 1 million shares and sold 1 million to restructure his portfolio but failed to do transactions due to unmatched prices. He currently holds 1,362,262 shares, or 12.38 percent stake.

Vietnam Rubber Finance Company, a major shareholder of Chuong Duong Corporation (CDC), sold 593,260 shares from June 11 to 15, cutting its ownership to 1,032,740 shares, or 6.9 percent stake, to restructure investment portfolio.

From April 23 to June 18, Nguyen Van Khoa, chairman cum CEO of Mien Dong Joint Stock Company (MDG), bought 50,000 shares, raising his ownership to 280,869 shares, or 2.58 percent stake.

Le Huong Giang, sister of Le Ha Giang, chairwoman cum CEO of Long Giang Investment and Urban Development Joint Stock Company (LGL), sold 73,680 shares out of 200,000 shares registered to sell from March 28 to May 27, and bought none of 500,000 shares registered to buy due to unmatched prices. She holds 160,520 shares, or 0.8 percent stake.

Lam Dong Investment Hydraulic Construction Joint Stock Company (LHC), whose chairman cum CEO is Le Dinh Hien, chairman of Lam Dong Minerals and Building Materials Joint Stock Company (LBM), bought 154,000 shares between June 1 and 19, increasing its holdings to 1,600,006 shares, or 19.6 percent stake, for investment.

On May 14, Nguyen Thanh Loan, daughter of Nguyen Thanh Nghia, member of the Board of Directors of Ben Tre Aqua Product Import and Export Joint Stock Company (ABT), net sold 17,790 shares after she sold 17,790 shares and bought no shares out of 100,000 shares registered earlier due to unfavorable market conditions. After the sale, she reduced her holding to 2 shares from earlier holding of 17,792 shares or 0.16 percent stake in the company.

Vietnam Rubber Finance Company, a major shareholder of Pacific Property & Infrastructure Development and Investment Joint Stock Company (PPI), sold 549,810 shares from June 13 to 15, lowering its ownership to 659,702 shares, or 5.4 percent stake, to restructure its investment portfolio.

Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FDC) announced that it assigned Tran Duc Ngu as member of the Board of Directors.

Manulife Progressive Fund (MAFPF1) announced that Dao Duc Dung replaced Dang Vi Thanh to become its investor relation officer from June 15 along with Nguyen Vu Ngoc Trinh.

Vinaship Joint Stock Company (VNA) disclosed the list of members of the Board of Directors for the period of 2012-2017 as follows: Do Van Hoi as chairman, Cao Minh Tuan as vice chairman, Mai Xuan Ngoat, Nguyen Quang Duy, Nguyen Ngoc Son, Duong Ngoc Tu, and Pham Xuan Toan as member of the Board of Directors.

Japan Vietnam Medical Instrument Joint Stock Company (JVC) announced June 27 as ex-date, and June 29 as record date to pay dividends for the year 2011 by shares at a ratio of 10:1.

From June 20 to July 19, Le Minh Hoang, director of High-grade Brick - Tile Corporation (MCC), registered to buy 10,000 shares to increase his ownership ratio.

Pham Ngu Co, member of the Board of Directors of High-grade Brick - Tile Corporation (MCC), bought 10,000 shares from May 24 to June 15, increasing his holdings to 36,562 shares, or 0.78 percent stake. From June 20 to July 19, he registered to buy 20,000 shares to raise ownership ratio.

From June 20 to July 12, Tran Thanh Hai, member of the Board of Directors cum director of Development Investment Construction No.2 Joint Stock Company (DC2), registered to buy 10,000 shares to increase holding ratio.

Cai Lay Veterinary Pharmaceutical Joint Stock Company (MKV) announced June 22 as ex-date and June 26 as record-date to seek for shareholders’ approval in written documents during July 1 to 16 on plan of increasing charter capital to VND30 billion from current VND11,236 billion.

Petro Vietnam Finance Corporation (PVFC) whose BOD member is Nguyen Khuyen Nguon, BOD member of Petro Vietnam Insurance Joint Stock Corporation (PVI), sold 656,800 shares out of 1,038,740 shares registered to sell on June 15. PVFC now holds 14,593,243 shares or 7.1 percent stake at the listed firm.

Song Da Urban Investment Construction and Development Joint Stock Company, a major shareholder of Mien Trung Power Investment and Development Joint Stock Company (SEB), sold all 700,000 shares, or 5.6 percent stake, on June 11.

Education Financial Investment Joint Stock Company, a major shareholder of Hanoi Education Development and Investment Joint Stock Company (EID), bought 13,800 shares, and sold 79,100 shares on June 4. It currently holds 698,589 shares, or 4.8 percent stake.

Maybank Kim Eng Securities Pvt.Ltd, a major shareholder of Higher Educational and Vocational Book Joint Stock Company (HEV), bought 10,400 shares on June 14, raising its ownership to 98,800 shares, or 9.88 percent stake, for investment.

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