Home Companies

Lilama to withdraw all capital from Sông Vàng Hydropower (SVH)

Jul 13th at 08:44
13-07-2018 08:44:18+07:00

Lilama to withdraw all capital from Sông Vàng Hydropower (SVH)

The Viet Nam Construction and Machinery Installation Corp (Lilama) has decided to withdraw all capital from Song Vang Hydropower JSC (SVH).

 

Under the plan, Lilama will withdraw 7.9 million shares by order matching and settlement on the Unlisted Public Company Market (UPCoM) trading floor. The divestment plan is expected to be conducted in the last six months of 2018.

Da Nang-based SVH was established in 2004 by three shareholders of Lilama, PetroVietnam Power Corporation (PV Power) and Civil Engineering Construction Joint Stock Company No 586.

In the first quarter of 2018, SVH’s revenue reached VND19.2 billion (US$842,000) and after-tax profit was more than VND7.57 billion, down 8.5 per cent and 13.3 compared with the same period last year, respectively.

SVH attributed the fall in revenue and profit in Q1 this year to the decrease in the water volume flowing into the company’s lake, due to unfavourable weather in the central region.

bizhub

MOST READ

NEWS SAME CATEGORY

Gemadept (GMD) finalises divestment from Hoa Sen-Gemadept Port
COMPANIES Jul 11th at 08:31

Gemadept (GMD) finalises divestment from Hoa Sen-Gemadept Port

Gemadept Corporation (code: GMD) has just announced completing the divestment of its 51 per cent stake in Hoa Sen-Gemadept Logistics and International Port...

BSR changes to joint stock model
COMPANIES Jul 10th at 07:56

BSR changes to joint stock model

Binh Son Refining and Petrochemical Company Limited (BSR) in the central province of Quang Ngai has officially been operating as a joint stock company since July 1...

F&N submits bid for Vinamilk (VNM): 16th time the charm
COMPANIES Jul 9th at 08:09

F&N submits bid for Vinamilk (VNM): 16th time the charm

F&N Dairy Investments Pte., Ltd has been repeatedly registering to buy more than 14.5 million shares to raise ownership in Vinamilk (code: VNM).

Tran Anh will delist from HNX due to Mobile World's neglect
COMPANIES Jul 7th at 19:57

Tran Anh will delist from HNX due to Mobile World's neglect

More than one year after merging with Mobile World and being neglected to focus on the Bach Hoa Xanh grocery chain, Tran Anh Digital World JSC (code: TAG) has just...

DHG Pharma lifts foreign ownership limit to 100 per cent
COMPANIES Jul 7th at 19:54

DHG Pharma lifts foreign ownership limit to 100 per cent

Hau Giang Pharmaceutical Joint Stock Company, DHG Pharma, has completed the procedures to lift the foreign ownership cap from its current rate of 49 per cent to 100...

SSI continues its lead in brokerage market share
COMPANIES Jul 6th at 13:40

SSI continues its lead in brokerage market share

Saigon Securities Incorporation (SSI) remained the largest broker in Viet Nam in the second quarter of 2018, accounting for 23.08 percent of the brokerage market...

DHG approved to abolish FOL
COMPANIES Jul 5th at 14:06

DHG approved to abolish FOL

Hau Giang Pharmaceutical JSC (DHG) has recently been approved to lift the foreign ownership limit (FOL) to 100 per cent, according to information published on its...

Vinatex (VGT) reports 14% surge in profits
COMPANIES Jul 5th at 09:21

Vinatex (VGT) reports 14% surge in profits

Vinatex, the nation’s premier textile and garment company, reported a pre-tax profit of VND394 billion (US$17.3 million) for the first half of this year, a 14 per...

Ceramics firm Viglacera (VGC) sees profits up 4 per cent
COMPANIES Jul 2nd at 08:48

Ceramics firm Viglacera (VGC) sees profits up 4 per cent

State-owned glass and construction ceramic producer Viglacera plans to earn VND950 billion (US$41.65 million) in pre-tax profit in 2018, up 4 per cent year-on-year...

Vietnamese securities firm sends sensitive image in emails to customers
COMPANIES Jun 29th at 08:20

Vietnamese securities firm sends sensitive image in emails to customers

Many customers of Vietnamese stock firm FPT Securities (FPTS) were stunned when they opened the regular market analytical emails sent by the company on Tuesday.

Read More

MOST READ

Back To Top