EAB pays fourth phase dividend of 3pct

VNStockNews.com - Eastern Asia Commercial Joint Stock Bank (EAB) announced it would the shareholder list at 5pm December 20 to pay the fourth phase dividend of 2009 at 3 percent in cash.

The payment will be conducted via EAB multifunctional card from December 24 and bank accounts with a transference fee from December 28.

Dividend payment in cash will be implemented from December 28 by EAB HCM City and Hanoi. >>Full Story...

ABBank issues 63.2m shares for capital increase plan

VNStockNews.com - State Bank of Vietnam-HCM City branch approved An Binh Commercial JS Bank (ABBank) to increase its chartered capital from over 2.850 trillion dong to nearly 3.483 trillion dong through issuing 63,237,448 shares worth 632.374 billion dong.

In which, 17,813,366 shares will be offered to the bank's foreign strategic shareholder Maybank with the selling price of 20,000 dong/share, bringing the shareholder's holding rate in local bank from 15 percent to the maximum level of 20 percent under current laws.

The remaining 45,424,082 bonus shares worth 454.240 billion dong will be allocated to existing shareholders at a ratio 15 percent.
The issue time is scheduled between December 20 and 30, 2009.

The bank's general director Nguyen Hung Manh said that his bank targets to reach an annual growth of 30-40 percent in 2010 towards the goal of becoming one of top ten joint stock banks in Vietnam. >>Full Story...

Sacombank starts work on new headquarter of Laos branch

VNStockNews.com - After one year of the opening in Laos, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank coded STB) yesterday started work on new headquarter of its Laos branch in Hengboun, Group 8, Ban hai Xoc, Chanthabury Dist of Vientian.

The new headquarter of Sacombank Laos arm is built on total construction area of over 9,2000 sqm including one basement, one ground-floor, three floors with total estimated cost of over $10 million.

From December 12, 2008 to late November 2009, the branch posted total deposits of $10 million and total outstanding loans of nearly $5 million.

Also, Sacombank has another branch in Cambodia and one representative office in China. >>Full Story...

Two more firms to list shares on HOSE

VNStockNews.com - Dat Xanh Real Estate Service and Construction Joint Stock Co, Khang Dien Housing Investment and Trading Joint Stock Co were recently licensed in principle to list on the Hochiminh Stock Exchange (HOSE).

In details, Dat Xanh will list eight million shares worth 80 billion dong under the consultancy of Rong Viet (Viet Dragon) Securities JSC. Dat Xanh is carrying out many real estate projects such as Giang Dien eco-tourism site on 42 hectares in Dong Nai province's Trang Bang with total expense of 450 billion dong. The project is expected to finish within December 2009 or next January.

Also Dat Xanh is investing 259 billion dong in building Phu Hung Gia apartments in HCM City's Go Vap for the completion schedule of 2011.

Khang Dien registered to list 33.2 million shares with the consultant Sacombank MTV Securities Ltd Co. The business is headquartered at Room 603, Floor 6, Centec Building, No 72-74 Nguyen Thi Minh Khai, Ward 6, Dist 3, HCM City. >>Full Story...

Binh Minh plastic producer offers 17.38m bonus shares at 1:1

VNStockNews.com - Listed firm Binh Minh Plastic Joint Stock Co. (coded BMP) passed the plan of offering 17,384,596 bonus shares to the existing shareholders with a ratio 1:1 within 2009.

The bonus shares are sourced from the company's surplus capital and investment development fund till December 2008.

Thanks to this, charter capital of BMP will be doubled from 173.84 billion to 347.69 billion dong. >>Full Story...

Stock market liquidity remains low December 11

VNStockNews.com - After the last session of the week, the two indexes of VN Index and HNX Index continued dropping. The sellers pushed up offloading shares at low prices while there were not many buying orders. The market liquidity remained low.

VN Index dropped 14.56 points or 3.17 percent lower than yesterday to 444.16 points with a total matching order trade ò 37.86 million shares worth 1.348 trillion dong, an increase of 3.6 percent in volume but down 2.7 percent in value.

Today, Ho Chi Minh Stock Exchange witnessed the debut session of 9,569,900 shares of TIE Joint Stock Co under the code of TIE. The initial price of TIE shares was posted at 34,000 dong per share.

After today session, TIE share price fell to the flooring price of 27,200 dong per share with 38,350 units being transferred, while there was no buying order left.

Among 194 share codes and fund certificates listed on the southern bourse, 178 codes slumped, 13 codes rose and the rest three codes stood still at comparative price.

Most of the large cap share codes were point-losers during today's session such as BVH, SSI, HPG, HAG, ITA, GMD, VPL, SAM, and CII. The share codes in banking
group of STB, VCB, EIB and CTG also dropped.

In terms of trading volume, STB retained at the top place with over 4 million shares being traded, followed by EIB with 2.8 million, REE with 1 million, GMD with 947,000 and SAM with 944,000 shares changing hands.

Sharing the same scenario, HNX Index on the northern bourse plunged by 4.54 points or 3.14 percent to end at 139.99 points with a total market trade of 17.569 million shares for 445.63 billion dong in value. >>Full Story...