Thursday, November 22, 2018 12:57:31 AM - Markets open
VN-INDEX 922.56 +3.54/+0.39%
HNX-INDEX 103.90 -0.01/-0.01%
UPCOM-INDEX 52.06 +0.00/+0.00%
VJC: Sovico registers to buy 13.7 million Vietjet shares
http://vietnamnews.vn/ - 3/23/2018 10:55:24 AM
 (0 ratings. You must sign in to rate.)
Sovico Holdings Company registered to purchase nearly 13.7 million shares of Vietjet Aviation Joint Stock Company (VJC) between March 26 and April 25.
 
Sovico is a founding shareholder of the budget airline, owning 4.56 per cent of Vietjet’s capital. If the transaction is successful, Sovico will increase its ownership to 34.3 million shares, equivalent to 7.59 per cent, and become a major shareholder in Vietjet.
 
Currently, Nguyễn Thị Phương Thảo, Vietjet’s general director and chairman of Sovio, holds 8.76 per cent of Vietjet’s capital. Her private company, Hướng Dương Sunny Investment Co Ltd, is the largest stakeholder with 28.57 per cent.
 
HDBank, where Thảo is vice president, owns another 4.95 per cent, while her relatives possess a combined 2 per cent.
 
Thus, after the transaction, Thảo and her related companies and individuals will likely hold nearly 52 per cent of Vietjet’s capital.
 
At the end of 2017, the airline’s revenue totaled VNĐ42.3 trillion, up 53.7 per cent year-on-year. Its pre-tax profit reached nearly VNĐ4.8 trillion, up 75.9 per cent over last year and surpassing the yearly target by 26 per cent.
 
Vietjet increased the dividend ratio for 2017 from 50 per cent to 60 per cent and had paid VNĐ1.35 trillion to pay 30 per cent dividends last year. – VNS
 
Read original article here
Newer News
17/08 MCH finalising bonus share list
17/08 LPB: LienVietPostBank downgrades many business targets
16/08 FPT betting on M&A to go global
16/08 PVN considers merger of two biggest fertiliser firms
16/08 MSR: Masan buys tungsten facility
13/08 VNM: Vinamilk to spend over 170 mln USD on hi-tech dairy farm in Can Tho
09/08 Thaco announces strategic cooperation with HAGL
08/08 Vinalines to launch IPO on September 5
07/08 Vietnam Airlines, Vinamilk shake hands to provide 4-star service
06/08 BCG: Bamboo Capital sign condotel and villa deal
Older News
23/03 CII to issue bonds worth US$52.6m
22/03 VEAM to list 1.33 billion shares on HSX
22/03 FPT cuts deal with GE Digital
21/03 VPBank to lift charter capital
21/03 Government approves rights to purchase Vietnam Airlines’ shares
20/03 VPBank to set FOL at 30 per cent after private placement
20/03 FOX: FPT Telecom plans 80% dividend payout for 2017
19/03 VCB: Vietcombank continues quest to divest OCB
19/03 DCL: Cuu Long Pharmaceutical swimming upstream
06/03 MPC: Shrimp exporter plans return to HCM Stock Exchange
 
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 3:11:17 PM
VN-INDEX 922.56 +3.54/+0.39%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.