Vietnam 

Sugar firm to sell more than 61 million treasury shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  On the market, shares of Thành Thành Công Biên Hòa are falling significantly, continuously tracking the bottom in nearly one year. — Photo ndh.vn HÀ NỘI — Thành Thành Công Biên Hòa Sugar JSC (SBT) has approved a plan to sell treasury shares. The company plans to sell all nearly 61.7 million treasury shares to increase the number of outstanding voting shares and restructure the company’s capital. The selling price will be decided by the board of directors in compliance with regulations butnot lower than the market price or…

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Home 

CK Asset postpones sale of luxury flats estimated to cost more than US$12.7 million citing social turmoil

CK Asset Holdings, the second largest developer by market value in Hong Kong, has become the latest builder to defer the sale of its luxury residential project, as 10 weeks of social turmoil has severely hurt consumer sentiment.The as-yet unnamed project at 21 Borrett Road, in Mid-Levels, was originally expected to be released for sale this month.Executive director Justin Chiu Kwok-hung said on Tuesday that the group had decided to postpone the sale of the luxury flats that would cost more than… Source link

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Home 

KKR to buy majority of NVC China Lighting for US$794 million

Private equity firm KKR & Co has said it will pay NVC Lighting Holding Ltd US$794 million for a majority stake in its China lighting business.The companies said in a statement they will set up a strategic partnership for the business. Once completed, KKR will own 70 per cent of NVC China and NVC Lighting will hold the remaining 30 per cent.NVC Lighting said it will pay a special dividend of at least HK$0.9 (US$0.01) a share after the deal closes, which is expected in the fourth quarter.KKR said… Source…

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Viettel Global posts US$47 million pre-tax profit in Q2 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    MyTel, Viettel Global’s brand in Myanmar, is the first operator to launch 5G technology in the country. — Photo courtesy of Viettel Global   HÀ NỘI — Viettel Global posted record pre-tax profit of VNĐ1.09 trillion (US$47 million) in the second quarter of the year. The company announced its consolidated financial report with net revenue of more than VNĐ4 trillion in the April-June period which equals that of the same period last year. However, gross profit increased by VNĐ200 billion to VNĐ1.5 trillion as it focused on the key…

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Home 

Hong Kong government doubles deposit for land tenders to HK$50 million after Goldin’s abandoned Kai Tak sale

The Lands Department said on Thursday it is doubling the deposit for government sites put up for tender to as much as HK$50 million (US$6.3 million) after a buyer walked away from a winning bid of HK$11.1 billion for a plot of prime land in June.The rule is effective immediately and the deposit would apply to all land sales with an estimated value of HK$400 million or more. Deposits for sites valued between HK$100 million to less than HK$400 million will range from HK$10 million to HK$40… Source link

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Singapore 

The White Storm 2: Drug Lords crosses $1 million in takings in Singapore, Entertainment, Singapore News

SINGAPORE – The crime thriller The White Storm 2: Drug Lords has just passed the $1 million mark at the Singapore box office, making it the third high-grossing Asian title this year. Since its opening on July 11, the story of two men on opposite sides of the law in Hong Kong, starring Andy Lau, Louis Koo, Karena Lam and Michael Miu, has been the highest-earning Asian film for the last three weekends. With its earnings of $1,000,415 across 31 screens as of July 31, the film is now the…

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Vietnam 

Vietnamese firms invest $278 million abroad – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  People in Timor-Leste register for Viettel’s 4G SIM card. Photo enternews.vn   HÀ NỘI — Vietnamese enterprises poured US$278 million in 30 countries and territories in the first seven months of this year, the Ministry of Planning and Investment’s Foreign Investment Agency said in its latest report.  During the period, the firms received investment licences for 90 new projects worth $180 million. They were also allowed to raise their investments in 21 underway projects by $97.3 million. Spain attracted the largest share of Vietnamese investments in the seven months with $60 million, accounting for…

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Vietnam 

Đất Xanh Group to issue over 87 million shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Money collected from shares issuance by the Dat Xanh Group will be used to develop the Nam Rạch Chiếc Residential and Resettlement Project. — Photo courtesy of Đất Xanh Group   HÀ NỘI — Đất Xanh Group plans to issue over 87.45 million shares for existing shareholders at a 4:1 ratio. With the issuing price of VNĐ100,000 (US$4.3) per share, the corporation expects to collect over VNĐ874 billion through this share issuance. This amount of money will be used to develop Nam Rạch Chiếc Residential and Resettlement Project (Gem…

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Vietnam 

Vietravel explores $30 million bond issuance for aviation projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Staff at a Vietravel branch in Hà Nội. Nguyễn Quốc Kỳ, General Director of Vietravel, revealed the plan to establish Vietravel Airlines for the first time at a conference in early April. — Photo vietravel.com HÀ NỘI — Local tour operator Vietravel is collecting shareholder opinions on its plan to issue non-convertible bonds worth VNĐ700 billion (US$30 million) to provide supplementary capital for the establishment of Vietravel Airlines. The bonds have a term of two years with a maximum interest rate of 11 per cent per year. The firm also asked shareholders to cancel the…

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Property 

Hong Kong property transactions drop by 48 per cent to yearly low, deposits worth HK$3.5 million forfeited as protests weigh on sentiment

Hong Kong homebuyers are having second thoughts about the biggest purchase of their lives, as nearly two months of unprecedented public unrest cast a pall over the city’s real-estate market.Weekly transactions involving used homes fell to their lowest level this year on Sunday, according to one of the city’s largest real-estate agencies, while a dozen buyers last week decided against completing contracts for new homes worth more than HK$70 million (US$8.9 million), forfeiting more than HK$3.5… Source link

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