 Business Briefs September 10
Intellasia - 9/10/2010 1:39:38 PM
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* The UPCoM listed - Khanh Hoa Salt Joint
Stock Company (Khasasco-coded KSC ) announced September 16 as ex-
dividend date and September 20 as registration deadline to close the
shareholders' list for 2010 for dividend payment in cash at the rate of
five percent. September 10 would be the payment date.
* The State Securities Commission (SSC) has received issuing dossier for dividend payment of Masan Food Joint Stock Company (Masan
Food) and asked the firm to carry out the issuance under the company's
decision at annual shareholders meeting on August 18.
* The southern bourse-listed MT Gas Joint Stock Co (coded MTG) announced
to close the shareholders' list on Sep 23 to allocate 4 million bonus
shares to the existing shareholders. Sep 21 would be the ex-dividend
sessions.
* The Hanoi Stock Exchange (HNX) officially admitted the trading
registration of Huu Nghi Vinh Sinh Mining and Mechanic Joint Stock
Company on UPCoM with code MAX on September 15.
* Phuoc Hoa Rubber Co (PHR) has decided to buy back 500,000 PHR shares
as treasury stock within two months from September 15 via matching.
* Investor Luu Thi Thao has registered to sell 500,000 shares of Cotec
Investment and Land-House Development Co (CLG) within two months from
September 9 via matching or put-through.
* Phu Nhuan Jewellery Co (PNJ) has announced September 15 as the
ex-dividend date to advance 2010 first round dividend in cash for
shareholders at 10 percent.
* Nam Viet Commercial Bank will begin trading 100 million shares on the Hanoi Stock Exchange on
September 13.
* Vinh Khanh Cable Plastic Co is seeking approval to trade 13 million shares on the northern bourse.
* Lilama Electromechanics Testing Co has got permission in principle to trade over 1.3 million shares on the northern bourse.
* AIA Vietnam Life Insurance Co, Ltd inaugurated its general agent at No
A1-A2 Nguyen Van Troi, Nam Ky city, Quang Nam province. In addition,
the firm inaugurated model customer services centres in Da Nang, Nha
Trang and Quy Nhon in earlier this year.
* Phuoc Hoa Rubber Joint Stock Co (coded PHR) has lately announced that
in August only, the company has produced 2,171 tonnes of rubber, and
sold 3,793 tonnes of latex, gaining total revenue of 232 billion dong
and pre-tax profit of 50.47 billion dong. The average rubber price was
posted at 61.16 million dong per tonne.
* Shengli Vietnam Steel Co Ltd officially announced to finish the first
phase of construction works on a steel mill located in Cau Nghin
Industrial Zone, An Bai Town, Quynh Phu Dist, Thai Binh province.
* Binh Duong Trading & Development Joint Stock Co (coded TDC)
announced to close the shareholders list on Sep 20 for collecting the
shareholders' opinions in document about adjustment in the company's
plan of raising chartered capital. The ex-dividend session would be Sep
16, 2010.
* FLC Joint Stock Company (FLC) has inked a consulting deal with ACC
Consulting International Co, Ltd, a leading consulting firm in Vietnam
for consulting of metal mines' exploration, estimation, and development.
* Hoa Binh Rubber Co (HRC) expects to reach 66 billion dong in after-tax
profit in the first eight months of this year, or 18.7 percent higher
than the entire 2010's target.
* Vietnam Securities Investment Fund (VFMVF1) has announced its net asset value (NAV) per unit by September 2 at 22,288 dong, rising by l,067 dong from the previous week.
Vietnam Blue-Chips Fund (VFMVF4) announced its NAV per unit by
September 2 at 9,457 dong, increasing by 766 dong against the week
earlier, while Vietnam Active Fund (VFMVFA) announced its NAV per unit
by September 2 at 9, 129 dong, increasing by 365 dong from the week
earlier.
* Licogi 16 Joint Stock Company (Licogi 16 - LCG) adjusted its revenue
plan from 140 billion dong to 190 billion dong and targeted after tax
profit 60 billion dong in the third quarter, said Bui Duong Hung, the
firm's general director.
* Cong Ly Construction, Trading and Tourism Co Ltd has officially
started construction works on a wind power plant in Bac Lieu province
yesterday Sep 9, 2010.
* Early this week, Lee Daebong, chair of the South Korea-based Charmvit
Group revealed that his group was planning to invest in a thermo power
plant in Vietnam. "We were waiting for adjustment in power selling
mechanism from Vietnam's ministry of industry and trade that allows the
power generators to adjust the sales price for distributors in case
there are changes in retail prices", he added.
* Quang Binh province department of transport has started construction
on Trung Quan Bridge over Kien Giang River. The bridge is situated in
two communes of Duy Ninh and Tan Ninh, Quang Ninh Dist, Quang Binh
province.
* HCM City Urban Railway Management Board and Spanish group of GEV have
lately signed a cooperation agreement about carrying out the first phase
of metro route No 5, from Bay Hien Intersection to Saigon Bridge.
* The Vietnam Housing and Urban Development Holdings Group (HUD
Holdings) held a meeting of appraisal for Anh Duong complex work's
planning in Da Nang province.
* TeleHouse Vietnam Joint Venture Co opened a data centre in Hanoi
September 7 to provide file management, internet connection and other IT
services. The data centre was established by FPT Information System
Joint Stock Co, KDDI Corp and ITX Corp.
* Ha Long Shipbuilding Industry Co, an affiliate of Vietnam Shipbuilding
Industry Group (Vinashin), has launched the 53,000-dwt cargo ship Red
Diamond HL 09 in Quang Ninh Province. The shipbuilder will hand over the
vessel to its owner, the UK-based Graig Group, as scheduled.
* Viglacera Corp has broken ground for the Viglacera Can Loc
construction material complex project in Ha Tinh Province. The complex
includes factories manufacturing high-class tiles, sanitary porcelain
plant and non-fired building materials.
* Truong Thinh Corp has inaugurated Sunspa Villa Resort in Bao Ninh
peninsula in Quang Binh Province. The project includes 30 bungalows and
15 high-class villas.
* Handico Finance Joint Stock Co has become the first financial firm in
Vietnam to apply the CoreBanking T24 system in management.
* Saigontourist Travel Service Co has launched weekly Friday tours from
Hanoi and HCM City to the Central Highlands region. The tours take
tourists to attractions in Dak Lak, Pleiku, Kontum and Da Lat, and
extend to the coastal city of Nha Trang. For further information,
contact to Saigontourist. Tel: 0838298914.
* Minh Phu Seafood Group Corp (MPC) has announced the US customs agency has reimbursed over
$7.2 million in anti-dumping tariffs to its subsidiary Mseafood Co.
* De Tam Co (DTA) has established a new branch in the Mekong Delta province of Kien Giang.
* Vietnam Bank of Industry and Trade (Vietinbank) – HCM City Branch
announced to reach total raised capital in the first eight months of
this year of 13.3 trillion dong, increasing by 3.3 trillion dong against
the same period of last year, and 380 billion dong higher than the
previous month.
* In comparison with the interest rates for depositors and borrowers in
dong in July, the interest rates in August showed less difference.
* The State Securities Commission (SSC) has lately issued the
certificate for Bao Viet Group (coded BVH) for offering nearly 54
million shares to public.
* Western Commercial Joint Stock Bank (WesternBank) has unveiled special
preference programmes for small and medium sized - enterprises (SMEs)
with a interest rate reduction of one percent per year, a money transfer
cost reduction of 30 percent within three first months, a deposit
interest rate's addition 0.5 percent, maximum active debts equal to 80
percent of risk assets.
* Tien Phong Commercial Joint Stock Bank (TienPhongBank) inaugurated its
transaction office at Le Hong Phong street, ward 3, district 5,
Hochiminh city, raising the bank's network to two units in the city and
to 24 nationwide.
* After trial running of Banknet card, Great Asia Commercial Joint Stock
Bank (DaiABank) officially cooperated with nine member banks of the
card union on September 10.
* Asia Commercial Bank has inaugurated Ham Tu transaction office in HCM
City's District 5, raising the total number of its banking units in
Vietnam to 262.
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