KIDO to divest from Chuk Tea & Coffee
HCMC – KIDO Group, which trades its shares on the Hochiminh Stock Exchange under the code KDC, has approved a plan to divest from the Chuk Tea & Coffee chain, formerly known as Chuk Chuk. The reason for its move remains unknown, the local media reported. Under its decision, the food processor
Damsan to increase stake in energy subsidiary
HCMC – Damsan Joint Stock Company, whose ADS shares are traded on the Hochiminh Stock Exchange, plans to pump an additional VND86.4 billion into its energy business arm, called AD Green Corporation, in the first quarter of 2023. The board of Damsan has passed a resolution on the capital
Bamboo Capital chairman acquires five million BCG shares
HCMC – Nguyen Ho Nam, chairman of Bamboo Capital Group JSC, whose shares are traded on the Hochiminh Stock Exchange under the code BCG, has purchased five million BCG shares. The share purchase was conducted from December 2 to 14, raising his ownership in BCG to 15.63%, or some 83.4 million
Vingroup to set up hi-tech medical firm
HCMC – Vingroup JSC, which trades its VIC shares on the Hochiminh Stock Exchange, has passed a plan to contribute capital to establish VinMedtech Hi-tech Medical JSC. VinMedtech, headquartered in Viet Hung Ward in Hanoi City’s Long Bien District, has chartered capital of VDN300 billion, 99% of
HOSE lifts restriction on OGC stock
HCMC – The Hochiminh Stock Exchange (HOSE) will switch the OGC shares of Ocean Group Joint Stock Company from being under trading restriction to being under supervision from December 14, as the firm managed to address issues leading to the trading restriction earlier. HOSE kept the OGC stock on
GEG disbands solar energy subsidiary
HCMC – Gia Lai Electricity Joint Stock Company (GEG) has passed a resolution to disband its subsidiary Phong Dien Solar Energy Company, which is headquartered in Hue City, Thua Thien-Hue Province. The Phong Dien solar energy company, founded in 2019, has total charter capital of VND120 billion and
KBC plans to buy back 100 million shares
HCMC – Kinh Bac City Development Holding Corporation, which trades its KBC shares on the Hochiminh Stock Exchange, will hold the second extraordinary shareholder meeting on December 28 to pass a plan to buy back 100 million shares. At the meeting, the firm will seek to cancel its previous plan of
Bamboo Capital to pour additional VND500 billion into BCG Energy
HCMC – Bamboo Capital Group JSC, which trades its BCG shares on the Hochiminh Stock Exchange, has passed a plan to inject an extra VND500 billion to its subsidiary BCG Energy. After the transaction, BCG’s total capital contribution to BCG Energy will reach VND3,203 billion, or 320.3 million
Tri Viet Securities has new board chairman
HCMC – Pham Thanh Tung has been picked as new board chairman at Tri Viet Securities Joint Stock Corporation (TVB) for the 2022-2024 tenure, with effect from December 2, replacing his predecessor Bui Minh Tuan. Tuan resigned from his post of TVB board chairman the same day. He earlier tendered his
Vinamilk to pay 14% cash dividend
HCMC – Vietnam Dairy Products Joint Stock Company (Vinamilk), whose VNM shares are traded on the Hochiminh Stock Exchange, will make its second dividend payment this year, with December 23 set as the record date. The dairy processing company will pay a cash dividend of 14% to its existing
F&N Dairy Investment to increase stake in Vinamilk
HCMC – Singapore-based F&N Dairy Investment, a large shareholder of Vietnam’s leading dairy firm Vinamilk (VNM), has registered to buy nearly 20.9 million VNM shares from December 6 to January 4. Once the transactions are completed, the Singaporean firm would raise its ownership in Vinamilk
BAF Vietnam to acquire majority stake in livestock company
HCMC – BAF Vietnam Agriculture Joint Stock Company (BAF) will acquire 717,282 shares, or a 99.9% stake, in Kim Hoi Livestock Manufacturing and Trading Joint Stock Company. The BAF management board has passed a resolution on the stake acquisition, assigning BAF general director to take charge of