This week, nine companies announced record closings to pay dividends, all in cash, with the highest rate at 20% and the lowest at 4%.
The over-60-year-old bicycle brand goes public
The Hanoi Stock Exchange (HNX) has just approved 23.7 million shares of Hanoi Unification Joint Stock Company to be traded on the Upcom market under the stock code TNV, corresponding to a registered securities value of VND 237 billion. Previously, TNV completed securities custody procedures on August 15.
23.7 million shares of Hanoi Unification Joint Stock Company will be traded on the Upcom market under the stock code TNV.
The predecessor of TNV was the Unification Bicycle Factory, established in 1960, which was a famous brand at that time. For more than 60 years, Unification Bicycle – now Hanoi Unification Joint Stock Company – has launched millions of products to serve customers.
As of June 28, Hanoi People’s Committee, representing state capital, owned 45% of TNV’s capital, followed by VSD Investment Joint Stock Company holding 41.68% of capital, and Mr. Trinh Nguyen Khanh holding 12.17% of TNV’s charter capital.
In terms of business results, in 2022, the company made a net profit of nearly VND 14 billion. In 2023, it made a profit of nearly VND 3 billion. In the first half of 2024, TNV’s revenue was VND 60 billion, with a net profit of VND 300 million.
HNX also approved the registration for trading of shares of Asia Ingredients Joint Stock Company (Asia Group – stock code: AIG) on the Upcom market. Previously, the Vietnam Securities Depository and Clearing Corporation assigned a stock code to Asia Group and started receiving custody of AIG shares from September 12.
Asia Group was formerly known as CTL Private Company, established in 2001, operating in the field of food ingredient distribution. The company transformed into a joint-stock company in 2007.
In the latest update of the list of shareholders at the end of 2023, Asia Group had six major shareholders, including Mr. Nguyen Thien Truc – Chairman of the Board of Directors owning 30.32% of charter capital, MGCA Foodco Pte. Ltd. owning 10.99% of charter capital, Mr. Nguyen Bao Tung owning 10.47% of charter capital, VFPHK Holdings Limited owning 10.02% of capital, Penm IV Germany GmbH & Co.KG owning 9.44% of charter capital, and All Ingredients Ptd. Ltd. owning 8.09% of charter capital. The remaining 20.67% of the capital belongs to shareholders owning less than 5% of the capital.
Mr. Bolat Duisenov – Chairman of the Board of Directors of Coteccons Joint Stock Company (stock code: CTD) – has just purchased an additional 200,000 shares, increasing its ownership to 1,628,933 shares, equivalent to 1.57% of CTD’s charter capital. The transaction was made from September 24 to October 23.
Coteccons shareholders are continuously buying shares.
On October 22, a group of funds related to KIM Vietnam Joint Stock Company purchased an additional 550,000 CTD shares, increasing its ownership to 7.18% of Coteccons’ charter capital. Among them, KITMC Worldwide Vietnam RSP Balanced Fund bought 200,000 shares, TMAM Vietnam Equity Mother Fund bought 150,000 shares, KIM PMAA Vietnam Securities Investment Trust 1 (Equity) bought 100,000 shares, and KIM Investment Funds – KIM Vietnam Growth Fund bought 100,000 shares.
Pledge shares to issue private bonds
Thanh Thanh Cong Investment Joint Stock Company has just completed the mobilization of VND 150 billion from private bonds. Accordingly, Thanh Thanh Cong issued 1,500 bonds with the code TTCCH2428002 and a par value of VND 100 million per share on October 17, with a term of 4 years and maturity on October 17, 2028. The interest rate is a combination of fixed and floating rates. The interest rate for the first four terms is 10.85%/year.
The VND 150 billion bonds are allowed to be repurchased before maturity and exchanged. The secured assets are 11.4 million shares of Thanh Thanh Cong – Bien Hoa Joint Stock Company (stock code: SBT) owned by Thanh Thanh Cong, 7.6 million shares of Gia Lai Power Joint Stock Company (stock code: GEG) owned by Thanh Thanh Cong, 6 million common shares of Thanh Thanh Cong owned by Mrs. Huynh Bich Ngoc and Mr. Dang Van Thanh, and any other assets owned by the company or third parties used as security for the bonds (if any).
VPBank Securities Joint Stock Company (VPBankS) is the organization for registration and custody of 1,500 bonds with the code TTCCH2428002 of Thanh Thanh Cong. This is the second batch of bonds issued by Thanh Thanh Cong this year.
On September 20, Thanh Thanh Cong completed the mobilization of the TTCCH2428001 bond batch worth VND 200 billion in par value, with a term of 4 years and maturity on September 20, 2028. The TTCCH2428001 bond batch is secured by 6 million SBT shares owned by Thanh Thanh Cong, 4.97 million SBT shares owned by Mr. and Mrs. Dang Van Thanh, 8 million common shares of Thanh Thanh Cong owned by Mr. and Mrs. Thanh, 5.6 million GEG shares owned by Thanh Thanh Cong Industrial Park Joint Stock Company, and 9 million GEG shares owned by Thanh Thanh Cong.
Thanh Thanh Cong Investment Joint Stock Company has 7 batches of bonds in circulation with a total par value of VND 1,415 billion.
Currently, Thanh Thanh Cong has 7 batches of bonds in circulation with a total par value of VND 1,415 billion. These bonds are mostly secured by SBT, GEG, or Thanh Thanh Cong shares.
To restructure its investment portfolio, Ms. Do Thi Ngoc Ha sold more than 4.8 million shares of Vietnam Asia Commercial Joint Stock Bank (stock code: VAB) in the session on October 18, reducing her ownership in VAB to below the 1% threshold. The transaction value was more than VND 43 billion, corresponding to VND 9,000 per share. After the transaction, Ms. Ha still held 675,791 VAB shares.
Gia Lai Hydropower Joint Stock Company (stock code: GHC) announced the list of shareholders to temporarily pay dividends for the first time in 2024 with a rate of 20%, meaning that shareholders owning 1 share will receive VND 2,000. With nearly 47.7 million circulating shares, GHC will spend more than VND 95 billion to pay dividends for this period.
Petrolimex Construction Group No. 1 Joint Stock Company (stock code: PCC) announced that November 1 is the record date to receive 2023 dividends in cash with a rate of 15%. With 11.5 million circulating shares, PCC spent more than VND 17 billion to pay dividends to shareholders.
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The experts predict that the market will find a short-term equilibrium around the 1,240 – 1,250-point mark next week. This presents an opportunity for investors to strategically purchase stocks with positive business prospects for the remaining two quarters of the year.
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On the morning of October 23, 2024, the Hanoi Stock Exchange (HNX) hosted a ceremony to mark the listing of 5 million shares of Tri Viet Education Group Joint Stock Company (Stock Code: CAR) on the HNX, with a reference price of VND 19,800 for the first trading day.
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