Vietnam 

SCIC to offload pharmaceutical shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The head office of Lâm Đồng Pharmaceutical JSC in Đà Lạt City, Lâm Đồng Province. The company will sell 2.5 million shares owned by the State Capital Investment Corporation (SCIC) next month. — Photo congthuong.vn HÀ NỘI — The State Capital Investment Corporation (SCIC) will auction 2.5 million shares of Lâm Đồng Pharmaceutical JSC (HNX: LDP) at VNĐ28,100 (US$1.20) per share. The auction will be held at the Hà Nội Stock Exchange on October 10 and the volume of shares offered for sale is equal to 31.88 per cent of the…

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Vietnam 

Travel, realty firm shares down despite director’s buyback order – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A corner of Ninh Vân Bay Travel Real Estate JSC’s facilities in Khánh Hòa Province. The company shares fell 1.7 per cent on Wednesday. – Photo cafebiz.vn HCM CITY – Shares of Ninh Vân Bay Travel Real Estate JSC (HoSE: NVT) fell 1.7 per cent to VNĐ8,850 (US$0.38) per share on Wednesday, despite the general director having offered to buy 25 million shares. The company’s general director Hoàng Anh Dũng plans to increase his ownership in the business to 27.68 per cent from the current 0.05 per cent. Transactions…

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Vietnam 

VN-Index stops declining, tech shares jump on earnings report – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  FPT Corporation’s software programmers. The group shares jumped 4.4 per cent following its eight-month earnings announcement, which showed revenue and profit were up 21 per cent and 28 per cent year on year. – VNA/VNS Photo Danh Lam HÀ NỘI — Vietnamese shares headed upwards Thursday, driven by the hunt of technology and banking stocks and positive status of the US-China trade relations. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose 0.70 per cent to close at 976.07 points, marking its strongest daily growth since August 21.…

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Vietnam 

Gia Lai Electricity to trade 204 million shares on HOSE next week – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  TTC Phong Điền solar power plant. Nearly 204 million shares of Gia Lai Electricity JSC will start trading on the Hồ Chí Minh Stock Exchange on September 19. — Photo geccom.vn HÀ NỘI – The Hồ Chí Minh Stock Exchange has approved the listing of nearly 204 million shares of Gia Lai Electricity Joint Stock Company under the code GEG. The first trading day is September 19 at the reference price of VNĐ27,490 (US$1.18) per share, slightly higher than its closing price of VNĐ27,400 on the Unlisted Public Company…

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Vietnam 

Military Bank plans 43.2 million ESOP shares in Sep-Oct – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A MBB’s Hoàn Kiếm branch in Hà Nội. MBB is expected to increase its charter capital by 20 per cent to VNĐ25.84 trillion (US$1.1 billion). — VNS Photo Mai Hương HÀ NỘI – Military Bank (MBB) is planning to issue more than 43.2 million shares to its employees under the employee stock ownership plan (ESOP). This number is equal to 2 per cent of the bank’s charter capital. The issue is expected in September or October, based on the list of employees on June 30. The ESOP shares will be…

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Chinese traders snap up US$7.5 billion worth of cheaper Hong Kong shares of dual-listed companies in busy August

Net inflow into Hong Kong stocks through the southbound Stock Connect surged in August to US$7.5 billion, as mainland investors snapped up shares listed in Hong Kong that were trading at attractive discounts compared to their China-listed counterparts, analysts said.The August inflow was the third largest recorded since the Stock Connect was launched in November 2014, said Frank Benzimra, head of Asia equity strategy at Societe Generale.The surge comes as an index tracking the average price… Source link

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Vietnam 

Caution pulls down local shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Industrial zone real estate faced strong profit taking and dropped sharply. — VNS Photo Trương Vị HÀ NỘI — Shares ended lower on both national stock exchanges on Friday, as selling pressure intensified in afternoon trading. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped 0.28 per cent to close Friday at 974.08 points, totalling a four-day loss of 1 per cent. The HNX-Index on the Hà Nội Stock Exchange was down 0.05 per cent to end at 100.92 points. Nearly 181.5 million shares were traded…

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Vietnam 

Sugar firm attempts to sell all treasury shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Thành Thành Công Biên Hòa JSC factory. The company has announced its plan to sell entire 61.6 million treasury shares. — Photo congthuong.vn HCM CITY — Thành Thành Công Biên Hòa JSC has decided to sell 61.6 million treasury shares to increase the number of voting shares. Capital raised from the share sale will be spent on restructuring the firm’s capital and loans. The shares will be sold on the stock market via either put-through or order-matching actions. The company between April 18 and May 17, 2018, offered…

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Vietnam 

Shares dive on the lack of news – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Sabeco (SAB) production line. SAB lost 3.3 per cent on Wednesday. — Photo tapchitaichinh.vn HÀ NỘI — Shares extended losses on Wednesday as the market was in short supply of supportive information. The VN-Index on the Hồ Chí Minh Stock Exchange lost 0.18 per cent to close at 977.63 points. The index fell 0.26 per cent to close Tuesday at 979.36 points. Some 157.4 million shares were traded on the southern bourse on Wednesday, worth more than VNĐ5.1 trillion (US$218 million). The…

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Vietnam 

Gov’t should buy back shares from ACV’s foreign shareholders: MoT – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The bird-eye view of the Nội Bài International Airport in Hà Nội, which is operated by the Airport Corporation of Vietnam (ACV). – Photo noibaiairport.vn HÀ NỘI The Ministry of Transport (MoT) has proposed the Government buy back foreign-owned shares in the Airport Corporation of Vietnam (ACV) to ensure airports are operated properly. The State-owned airport operator was equitised on April 1, 2016 after the Government had sold more than 77.8 million shares or a 3.47 per cent stake owned in ACV to foreign investors in December 2015 at…

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