The Board of Directors of Biwase JSC – Binh Duong Water – Environment Joint Stock Company (Biwase, code: BWE) has just issued a resolution on the transfer of shares of Biwase Long An Joint Stock Company (Biwase Long An).
Accordingly, the Biwase Board of Directors agreed to transfer shares of Biwase Long An to TDM Water Joint Stock Company (TDMWater, code: TDM).
The number of shares transferred has not been specifically announced, but it is expected that Biwase Long An will remain a subsidiary of Biwase.
In terms of relationships, Mr. Nguyen Van Tri – Chairman of the Board of Directors of TDM and Mr. Nguyen Thanh Phong – Member of the Board of Directors of TDM, are currently Members of the Board of Directors of Biwase.
In addition, the consolidated financial statements for the first quarter of 2025 also recorded Biwase as a subsidiary of TDM with a stake of 37.42%.
Illustrative image
In the opposite direction, the Biwase Board of Directors issued Resolution No. 26/NQ-HĐQT on the establishment of Biwase Wastewater Treatment and Drainage One Member Co., Ltd. (Biwase Wastewater Treatment and Drainage).
Biwase Wastewater Treatment and Drainage is expected to have a charter capital of VND 30 billion, wholly owned by Biwase. The implementation time is expected to be in the second quarter of 2025.
Previously, on May 19, 2025, the Biwase Board of Directors approved the decision to purchase shares of Vinh Long Water Joint Stock Company (code: VLW) from Biwase Electrical Construction Joint Stock Company (a subsidiary of BWE).
The type of shares expected to be purchased is common shares, freely transferable. The expected number of shares to be purchased is from 20% to less than 50% of the voting shares of Vinh Long Water.
Thus, after completing the purchase of the above shares, Vinh Long Water will become a subsidiary of Biwase.
In another development, in early May 2025, Biwase announced a report on the progress of capital use from the 2020 bond issuance.
According to the initial plan, in 2022, the enterprise will use up the capital raised from the offering. However, as of May 4, 2025, Biwase has completed only 98.5% of the announced plan. The reason is that Biwase has not yet paid for the land (phase 3, phase 4) to prepare the company’s land fund to serve the plan to build the BIWASE office building in the new city of Binh Duong.
The Big Money Pour: Biwase Invests $180 Million in VLM, Eyes Partial Divestment in Biwase Long An
The Board of Directors of Biwase JSC – Binh Duong Water – Environment Corporation (Biwase, HOSE: BWE) has approved the plan to transfer its shares in Biwase Long An JSC to TDM Water JSC (TDMWater, HOSE: TDM).
“PVT Announces Stock Dividend: A Generous 32% Payout to Shareholders”
“PetroVietnam Transportation Corporation (HOSE: PVT) has announced a dividend payout of 32% for the year 2024. Shareholders owning 100 shares will be entitled to receive an additional 32 shares. The record date for this dividend issuance has been set as June 19, 2024, with the ex-rights trading date being the day before, June 18.”
The Debt Buyers Turn Major Shareholders in Bamboo Capital
The estimated total transaction value stands at a substantial 47 billion VND.
Investing in Saigon VRG: Upcoming Release of 31.6 Million Dividend Shares
“Saigon VRG Corporation plans to issue approximately 31.6 million dividend shares for its 2024 dividend payout, offering a generous 100:15 allocation ratio to its shareholders. The record date for this allocation is expected to fall within July 2025, marking an important milestone for investors.”
“The Upcoming Stock Dividend Payout by Cotana Group: How Much Will Chairman Dao Ngoc Thanh Receive?”
The Cotana Group plans to issue 3.74 million bonus shares, representing a 10% stock dividend. With over 11 million shares to his name, Chairman Dao Ngoc Thanh is set to receive more than 1.1 million of these new shares.
