Vietnam 

PAN Group offers to buy over 7.7 million Bibica shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers produces cakes and other sweetmeats at Bibica Corporation. — VNA/VNS Photo An Hiếu HÀ NỘI — Vietnamese agriculture and food company PAN Group Joint Stock Company (PAN) has just offered to buy more than 7.7 million shares of Bibica Corporation, one of the leading confectionery businesses in Việt Nam. The shares are equivalent to 49.93 per cent of Bibica’s outstanding voting shares. The expected bid price is VNĐ68,500 per share. If the deal is secured at this price, PAN Group is expected to spend about VNĐ527 billion (US$22.6…

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China, Hong Kong shares little changed on weak sentiment after Trump notes there is ‘a long way to go’ on tariffs if he feels like it

Mainland and Hong Kong stocks ended little changed, as the US-China trade dispute returned to investors’ minds after US President Donald Trump raised the possibility of imposing more tariffs – if he wanted.The Shanghai Composite Index on Wednesday fell 0.2 per cent to 2,931.69, with liquor and health care stocks among losers. It was the benchmark’s second straight day of losses.Meanwhile, the Shenzhen Composite Index inched ahead by 0.16 per cent to 1,574.35. Information technology, real estate… Source link

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Vietnam 

Shares move against regional trend on low liquidity – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A customer at BIDV’s Tiền Giang branch. Shares of the bank declined on Monday despite it will be added in the VN30 basket in July. — VNA/VNS Photo Hoàng Hùng HÀ NỘI – Vietnamese shares moved against the general trend in the region on Monday, driven down by slumps of heavyweight stocks such as Vingroup, brewer Sabeco and steelmaker Hòa Phát Group. On the Hồ Chí Minh Stock Exchange (HOSE), the VN-Index edged down 0.29 per cent to close Monday at 972.53 points. On the Hà Nội Stock Exchange, the…

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Vietnam 

Shares end week in negative note after three-day rally – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Customers buy petrol at a Petrolimex petrol station in Hà Nội. Foreign investors bought a net value of more than VNĐ188 billion of Petrolimex’s shares on Friday. — VNA/VNS Photo Minh Quyết HÀ NỘI – Shares closed the week on a negative note after a three-day rally as many large caps unexpectedly lost value by the end of the session. On the Hồ Chí Minh Stock Exchange, the VN-Index edged down 0.33 per cent to close Friday at 975.40 points. Việt Nam’s benchmark index rose 1.3 per…

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Chinese Estates’ Joseph Lau pockets US$2 million paper gain after buying shares of troubled developer Future Land

Joseph Lau Luen-hung, the Hong Kong billionaire owner of Chinese Estates Holdings, is estimated to have pocketed HK$15 million (US$1.9 million) of paper gains in a week through an astute punt in one of China’s biggest real estate developers.Fair Eagle Securities, a wholly-owned unit of Chinese Estates, bought nearly 40.9 million shares of Future Land Development Holdings on the Hong Kong stock exchange at HK$7.19 per share on July 4, according to the Hong Kong stock exchange’s CCASS… Source link

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Central China Securities shares plunge in Shanghai and Hong Kong as asset management products face default risks

Shares of Central China Securities tumbled in Shanghai and Hong Kong after the brokerage said two of its asset-management products worth 241.5 million yuan (US$35.1 million) may be about to default on payments to investors.The stock had slumped 8.5 per cent to 5.30 yuan by mid-afternoon Friday in Shanghai, putting it on track for its biggest decline since May 6. The shares lost 4 per cent to HK$1.70 in Hong Kong.The two asset-management products were backed by Minxing Pharmaceutical, a drug… Source link

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Vietnam 

Shares extend rally on credit growth limit relaxation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Transactions at Vietcombank’s Vĩnh Yên branch. Shares of Vietcombank surpassed its 2008 peak to close at VNĐ74,000 (US$3.18) per share on Thursday. — VNA/VNS Photo Trần Việt HÀ NỘI  Shares extended their gains on the nation’s two exchanges on Thursday, with the banking sector leading the market following the news that the central bank would relax credit growth limits for some banks this year. The VN-Index on the Hồ Chí Minh Stock Exchange rose for a third day, closing up 0.51 per cent at 978.63 points. It gained 1.3 per cent over the…

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Vietnam 

Shares advance for second day on foreign buying – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An engineer checks a gas collection and distribution system of Hàm Rồng and Thái Bình fields into Tiền Hải industrial park of PV Gas. Shares of the company rose 1.3 per cent on Wednesday. — VNA/VNS Photo Thế Duyệt HÀ NỘI – Local shares rose for a second day, buoyed by foreign trading and positive performance of oil and gas stocks. The VN-Index on the Hồ Chí Minh Stock Exchange closed Wednesday up 0.47 per cent at 973.65 points. It rose 0.3 per cent in the…

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Tencent, health care boost Hong Kong shares, while Chinese shares fall on swirling uncertainties

Meanwhile, the CSI 300 of large caps traded in Shanghai and Shenzhen slipped by 0.17 per cent to 3,786.74. Hong Kong saw rallies by two pharmaceuticals – CSPC Pharmaceutical and Sino Biopharmaceuticals – as traders looked to the sector for safety amid so many uncertainties. CSPC was up 4.1 per cent to HK$12.70 while Sino Biopharmaceuticals jumped 3.3 per cent to HK$8.72. They were the benchmark’s biggest percentage gainers of the day. Chinese carmaker Geely finally had a good day, rising 2.6 per cent to HK$12, after four straight days…

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China shares suffer steep falls as expectations diminish for US Fed rate cut in near term

The Shanghai Composite Index fell sharply Monday, as traders fretted that upbeat US jobs numbers make it less likely the US Fed will soon lower interest rates and that a hot new tech board will depress prices of other Chinese shares.The Shanghai benchmark fell in the morning session by 2.5 per cent to 2,937 points. All sectors were down in early trading, led by communication services and information technology, which were both down by more than 3 per cent.Shares of Seazen Holdings – linked to… Source link

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