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Stock market briefs
Thursday,  1/31/2019, 20:07 

Stock market briefs

The Saigon Times Daily

HCMC – Nam Long Investment Group (NLG) has acquired a 70% stake in Portsville Pte Ltd in Waterfront Dong Nai City Company, a move to help it develop a 170-hectare land area in Dong Nai Waterfront City project. NLG has spent over VND2.3 trillion on the acquisition. The project will be deployed from now to 2025 with the total investment of VND9.2 trillion, supplying the market with over 4,000 villas and 3,000 apartments.

HCMC – Hung Vuong Corporation (HVG), one of the biggest seafood processors in Vietnam, said its consolidated net profit tumbled 28.6% year-on-year to VND18.1 billion in the first quarter of its fiscal year beginning October 1, 2018 due to the fall in financial income. Its revenue sank 50.2% to VND1.34 trillion in the quarter.

HCMC – HUD3 Investment and Construction Company (HU3) has announced February 11 as the ex-dividend date for shareholders to receive a cash dividend at 10%.

HANOI – MB Capital bought over 934,000 shares of Military Insurance Corporation (MIG) out of the total volume of 2.1 million shares registered for purchase from December 28, 2018 to January 25, 2019. The organization is now holding over four million MIG shares, equal to a 5.09% stake.

HANOI – Vietnam Construction and Import-Export Corporation (VCG) said its consolidated net profit dropped 73% year-on-year to VND221 billion in the fourth quarter of last year due to decreases in gross profit and financial income. Its revenue fell 20.9% year-on-year to VND3.34 trillion in the period.

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