Home Companies

Finance ministry affiliate to divest from Maritime Bank (MSB)

Jun 14th at 08:05
14-06-2019 08:05:35+07:00

Finance ministry affiliate to divest from Maritime Bank (MSB)

The Vietnam Debt and Asset Trading Corporation will auction a 0.34 percent stake in Maritime Bank this month.

 

The firm (VATC), under the Ministry of Finance, will auction 4.03 million shares at VND11,800 (51 cents) per share next Tuesday at the Hanoi Stock Exchange (HNX), the bourse has announced.

Maritime Bank (MSB) has a charter capital of VND11.75 trillion ($503 million), which increased 2.3 times after it merged with the Mekong Development Bank in 2015.

Last year, Maritime Bank earned VND868 billion ($37 million) in after tax profit, up seven times from 2017.

The creditor plans to list on the Ho Chi Minh City Stock Exchange (HoSE), the country’s main bourse, in the third quarter this year.

vnexpress

RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Becamex IDC to pay 6 per cent dividends
COMPANIES Jun 13th at 10:32

Becamex IDC to pay 6 per cent dividends

The Investment and Industrial Development Corporation (Becamex IDC) will pay a 6 per cent dividend payout in cash on August 1.

Kido Foods’ profit quadruples in Jan-May
COMPANIES Jun 13th at 08:13

Kido Foods’ profit quadruples in Jan-May

Kido Foods, Vietnam’s leading ice-cream maker, generated pretax profit of VND86 billion in the first five months of the year, a 333% year-on-year upsurge, a...

Vinafood 2 (VSF) not to pay 2019 dividends
COMPANIES Jun 13th at 08:08

Vinafood 2 (VSF) not to pay 2019 dividends

Viet Nam Southern Food Corporation (Vinafood 2) has set 2019’s revenue at nearly VND21.29 trillion (US$913.73 million), a year-on-year increase of 19 per cent, and...

Cooking oil firm TAC looks to top-shelf goods
COMPANIES Jun 12th at 07:54

Cooking oil firm TAC looks to top-shelf goods

Cooking oil producer Tuong An Vegetable Oil Joint Stock Company (TAC) has said it will continue to focus on developing premium products this year.

Who bought the shares of Sao Vang Rubber JSC?
COMPANIES Jun 11th at 08:11

Who bought the shares of Sao Vang Rubber JSC?

Four investors, including three individuals and an organisation, spent about VND195.5 billion ($8.5 million) to buy 4.2 million shares of Sao Vang Rubber JSC (SRC)...

Mitsui raises Minh Phu Seafood (MPC) stake to 35 per cent
COMPANIES Jun 10th at 15:32

Mitsui raises Minh Phu Seafood (MPC) stake to 35 per cent

MPM Investments Pte Ltd, a subsidiary of Japan’s Mitsui & Co Ltd, has acquired 60 million shares in Minh Phu Seafood Joint Stock Company (MPC) to raise its stake in...

Minh Phu (MPC) yet to face anti-dumping tax stateside
COMPANIES Jun 8th at 21:37

Minh Phu (MPC) yet to face anti-dumping tax stateside

Minh Phu Seafood Corporation has yet to be notified following accusations of not paying anti-dumping duty in the United States, according to a Minh Phu press...

Vinamilk (VNM) ups stake to 38.3% in GTNFoods
COMPANIES Jun 8th at 21:27

Vinamilk (VNM) ups stake to 38.3% in GTNFoods

The Vietnam Dairy Products JSC (Vinamilk) has acquired more than 90 million shares in GTNFoods JSC to raise its ownership to 38.34 per cent.

Dat Xanh (DXG) sells projects to sub-unit for nearly $63 million
COMPANIES Jun 7th at 08:21

Dat Xanh (DXG) sells projects to sub-unit for nearly $63 million

Real estate firm Dat Xanh (HoSE: DXG) has sold stakes in four real estate and construction units for VND1.46 trillion (US$62.8 million).

Dragon Capital sold 1.7 million shares of PNJ
COMPANIES Jun 4th at 08:43

Dragon Capital sold 1.7 million shares of PNJ

On May 27, Dragon Capital sold over 1.74 million shares of Phu Nhuan Jewelry JSC (PNJ), decreasing its ownership from 9.15 to 8.1 per cent, equivalent to 13.5...

Read More

MOST READ

Back To Top