Tuesday, May 20, 2008
The Chien Thang Fund Management Company (Victoria Capital) officially opened in Hanoi on May 20. The company plans to focus operations on companies and projects in real estate, cement, beverage and pharmaceutical industries.
To commemorate its opening, Victoria Capital signed cooperation agreements with LR Global Partners of the US , the Hong Kong and Shanghai Banking Corporation (HSBC) and the Oil and Gas Securities Joint Stock Company.
The company had earlier signed a comprehensive cooperation agreement with the Post Insurance Joint Stock Company.
Victoria Capital was granted its license last December with a legal capital of 28 billion VND (1.75 million USD).
The company is now investing in Thanh Son Cement and Thang Long Beer Factory and Paragon Building.
Tuesday, 20 May 2008
New fund management company launches
Monday, 21 April 2008
Indochina Capital enlarges VHG-coded shares
Tuesday, April 22, 2008
Viet Han Production and Investment Joint Stock Co (coded VHG) recently announced that Indochina Capital Vietnam Holding Limited bought more 60,000 VHG-coded shares, bringing the total shares to 3,554,800 shares or 14.22% of chartered capital.
Earlier, Indochina Capital Vietnam Holding Limited hold 3,494,800 shares or 13.88% stake of Viet Han Co.
In the fourth quarter of 2007, the company made a revenue of 89.828 billion dong and 6.759 billion dong from after tax profit, bringing the total figures of the whole year to 700.48 billion dong and 86.204 billion dong respectively, a year-on-year increase of 70.76% and 35.89%.
This year, the company plans to bring one trillion dong in revenue and 110 billion dong from after tax profit, pay dividend of 20% and approve many projects with the total investment capital of 325 billion dong.
The company's shareholders' meeting recently passed the plan to buy back 6.25 million shares or 25% of chartered capital to stabilise the price and serve its long-term targets.
Ending the trading session on April 18, VHG-coded shares added 500 dong or 1.82% to 28,000 dong per share with 11,060 shares being traded.
