VietNamNet Bridge - Many Singaporean businesspeople have invested in big projects in Vietnam in many different business fields, especially real estate.Fund on August 14 unexpectedly announced it had become a big shareholder of Vinasun (VNS) after wrapping up a deal to buy 4.5 million VNS shares, or 7.96 percent of chartered capital. … [Read more...] about Singaporean investors earning big money in Vietnam
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Dividends should be paid in shares, not cash: investor group
Dividends should be paid in shares, not cash: investor group (26-01-2007) HA NOI — The Viet Nam Association of Financial Investors (VAFI) has recommended that listed companies try to pay dividends by shares instead of in cash. According to VAFI statistics, most listed companies paying dividends do so in cash, and the disbursement can frequently be equal to 12-30 per cent of the firms' chartered capital or 30-80 per cent of its net after-tax profits. VAFI general secretary Nguyen Hoang Hai said, as the nation stock market remains in a nascent phase, the current practice of paying dividends in cash helps increase shareholder confidence in the company and its management. However, he said, the practice is counterproductive as it diverts capital from the company and forces the company to increasingly rely on credit to fund the expansion of activities. Hai said a large amount of money was being wasted as the number of listed companies which spend more than VND50 billion (US$312,500) to … [Read more...] about Dividends should be paid in shares, not cash: investor group
Unable to access bank loans, businesses pay dividend in shares
Fifty companies have got the State Securities Commission's permission to issue shares to pay dividends to shareholders by the end of June 2008.The dividend payment in shares has sparked the worry about the so called 'share dilution' which may make the share prices drop further. However, analysts said that businesses have made wise decisions to pay dividends in shares, as the move is described as 'one stone that kills two birds', with which, businesses can pay dividends and get capital for their re-investments. The State Securities Commission (SSC) on June 27 sent a document to five companies, including the Quang Ngai Sugar Joint Stock Company, Southern Battery Company, Hoang Anh Gia Lai Joint Stock Company, Minh Hai Seafood Import-Export Company and Kinh Do Joint Stock Company, stating that SSC does not protest the companies' plan to issue shares for dividend payment. However, the commission has asked the companies to follow necessary steps as stipulated by the laws in share … [Read more...] about Unable to access bank loans, businesses pay dividend in shares
Deutsche named Best Foreign Investment Bank in Vietnam
Germany's Deutsche Bank has been hailed as the best foreign investment bank in Vietnam by Finance Asia, the region's leading financial publication. The commendation comes as the German banks third prestigious award this year. Finance Asia noted that Deutsche Bank won the award for helping Vietnamese enterprises access foreign attractive investment funds and implement restructuring. … [Read more...] about Deutsche named Best Foreign Investment Bank in Vietnam
Chairman denies losing company money in personal investments
The chairman of a southern sugarcane company has rejected allegations that he bankrupted the enterprise by investing company money in the stock market. On Monday, shareholders of the La Nga Sugarcane and Sugar Company in Dong Nai Province sent a petition to several ministries and the Government Inspectorate accusing chairman Pham Nhu Hoa of misspending company funds. The shareholders claimed Hoa had earmarked around VND17 billion (US$1.05 million) for personal stock investments without asking for approval from the board of directors. … [Read more...] about Chairman denies losing company money in personal investments