This week, 33 companies announced the closure of rights to pay dividends. Of these, 21 companies paid dividends in cash, 7 paid stock dividends, 3 issued additional shares, and 2 paid combined dividends.
Business Suspension
Sài Gòn Thương Tín Real Estate Joint Stock Company (TTC Land – stock code: SCR) decided to temporarily suspend the business of TTC Land Hưng Điền for 12 months from August 1st.
TTC Land continues to suspend business at its subsidiary.
Currently, SCR holds 61% of the charter capital at TTC Land Hưng Điền. In late 2018, SCR announced its investment in TTC Land Hưng Điền with a charter capital of nearly VND 1,360 billion. The company is headquartered at 253 Hoang Van Thu, Ward 2, Tan Binh District, Ho Chi Minh City.
In early 2019, the charter capital of TTC Land Hung Dien was reduced to VND 300 billion, but SCR increased its ownership to 62%, equivalent to an investment value of VND 186 billion.
Earlier in July, TTC Land announced the dissolution of two subsidiaries, both wholly owned by SCR, to restructure and optimize their operations. Specifically, TTC Land dissolved TTC Land Retail Management One Member Limited Company (located at 253 Hoang Van Thu, Ward 2, Tan Binh District, Ho Chi Minh City) and TTC Land Phu Quoc One Member Limited Company (located in Suoi Lon hamlet, Duong To ward, Phu Quoc city, Kien Giang province).
TTC Land has invested VND 1.3 billion in TTC Land Retail Management and VND 50 million in TTC Land Phu Quoc. As of March 31, TTC Land owns 11 direct subsidiaries and 2 associated companies.
In 2021, TTC Land dissolved Saigon Energy Joint Stock Company due to its inefficient business operations and lack of future plans.
Similarly, the Board of Directors of Rạng Đông Holdings Joint Stock Company (stock code: RDP) decided to temporarily suspend the operations of two branches for a period of one year.
Specifically, RDP has temporarily suspended the operation of the Củ Chi Plastic Packaging Factory No. 1 branch (located in Cu Chi, Ho Chi Minh City) for one year (from July 20, 2024, to July 19, 2025) and the Hanoi branch (located in Thanh Xuan, Hanoi) for one year (from July 17, 2024, to July 12, 2025).
According to Rạng Đông Holdings, the company is currently operating at about 60% capacity. Their goal is to reach 80% capacity by the end of the year.
HDBank plans to issue HDBC7Y202302 bonds to raise VND 1,000 billion.
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – stock code: HDB) announced its offering of bonds (second phase) to the public. Accordingly, HDBank plans to issue HDBC7Y202302 bonds with a face value of VND 100,000 per bond, totaling VND 1,000 billion in value. These are non-convertible, non-warrant-attached, unsecured, subordinated bonds that meet the requirements to be considered Tier 2 capital for HDBank. The bonds have a floating interest rate, and the subscription period is from July 17 to August 7.
The third phase of HDBank’s bond offering is expected to take place in the second to fourth quarters of 2024. The purpose of the bond issuance is to supplement Tier 2 capital, improve the capital adequacy ratio, and meet the lending needs of HDBank’s customers.
Racing to Sell Shares
Mr. Tran Thanh Minh, a member of the Board of Directors and General Director of Thanh Hoa Pharmaceutical and Medical Equipment Joint Stock Company (stock code: DTH), registered to sell 1.7 million shares, equivalent to 22.92% of DTH’s charter capital, from July 16 to August 12. The purpose of this transaction is to serve his personal needs.
Similarly, Mrs. Tran Thi Huyen Trang, Director of Communications at DTH and Mr. Minh’s wife, also registered to sell all of her 2.1 million DTH shares, or 28.42% of the charter capital, during the same period to serve her personal needs.
If the transaction is successful, Mr. Minh and his wife will have sold their entire 51.39% stake and will no longer hold any shares in Thanh Hoa Pharmaceutical and Medical Equipment Joint Stock Company. It is estimated that the couple will receive approximately VND 52 billion from this transaction.
On the other hand, Metz Usa Vietnam Joint Stock Company, a company related to Mr. Tran Thanh Minh, registered to purchase 6.32 million DTH shares to increase its holdings to 6.3 million units, equivalent to 84.66% of the charter capital, and become the parent company of Thanh Hoa Pharmaceutical and Medical Equipment Joint Stock Company.
Dragon Capital fund group sells DXG shares.
The Dragon Capital fund group has just announced the sale of 1 million DXG shares of Dat Xanh Group Joint Stock Company (stock code: DXG). Norges Bank sold 200,000 shares, and Wareham Group Limited sold 800,000 shares. After the transaction, the Dragon Capital fund group’s ownership in DXG decreased to 10.88%.
In addition, Ms. Do Thi Thai, Deputy General Director of DXG, also sold nearly 147,000 DXG shares between June 10 and July 8.
The move by the Dragon Capital fund group to sell a portion of its holdings comes not long after Mr. Luong Tri Thin stepped down as Chairman on July 3, with Mr. Luong Ngoc Huy taking his place.
On July 16, Gemadept Joint Stock Company (stock code: GMD) will finalize the list of shareholders to receive a 2023 cash dividend with a ratio of 22%. This means that for every share owned, shareholders will receive VND 2,200. With more than 310 million shares currently in circulation, Gemadept will pay out more than VND 682 billion in dividends. The payment date is set for August 16.
FPT Online Services Joint Stock Company (stock code: FOC) announced that July 19 is the last day to finalize the list of shareholders for the 2023 cash dividend payment with a ratio of 20%. The expected payment date is July 31. With more than 18.4 million shares currently in circulation, FOC will pay out nearly VND 37 billion in dividends to its shareholders.
