Vietnam-Italy Steel JSC to up foreign ownership
Monday, March 12,2018AsemconnectVietnam - The Vietnam-Italy Steel JSC (VIS) plans to lift the cap of foreign ownership in the company from the current limit of 49 percent.
The plan aims to attract more capital, improve the liquidity for the firm shares on the stock market and serve further business development.
The company’s management board will propose shareholders at the coming annual shareholders’ meeting approve the company’s request to withdraw from some of the business sectors involved in national security and safety such as transportation.
In 2017, VIS earned 6.1 trillion VND (US$271 million) in net revenue, a yearly increase of 64 percent and equal to 98 percent of its full-year targeted figure.
The company recorded 55.3 billion VND in pre-tax profit, a decrease of 26 percent year on year and equal to 36 percent of the target for 2017.
VIS also plans to pay 36.9 billion VND in dividend for shareholders, equal to a 5 percent dividend payout ratio.
The company targets its revenue will increase by 16 percent annually to 7.09 trillion VND this year and its pre-tax profit will rise 64 percent to 90.4 billion.
In 2023, Refrigeration Electrical Engineering (REE) plans to increase profit slightly by 0.3% to VND 2,700 billion
PVOIL (OIL): Outstanding output growth in 2022
Sudico AGM (SJS): Growth target in 2023 from 10-15% of revenue
In 2023, Hoang Huy Investment Services (HHS) expects profit up and dividend of 8%
2023 Nam A Bank (NAB) Annual General Meeting of Shareholders: List shares and expand overseas branches
Mobile World (MWG) plans to increase its profit slightly to VND4,200 billion in 2023
Masan (MSN) continues to attract foreign capital up to VND15,000 billion
Century Synthetic Fiber Coporation (STK) successfully approached USD52.5 million in syndicated loans
Hoa Sen AGM for the year 2022-2023 (HSG): HSG will be profitable in March, April and May 2023
Fitch Ratings first international credit rating with GAS at “BB”
PVCoating (PVB) executes a pipe wrapping contract for Vietsovpetro
Hoang Anh Gia Lai (HAG) earns VND108 billion profit in February 2023
Nam A Bank (NAB) expects VND2,400 billion dong pre-tax profit, 25% dividend
475,000 tons of Hoa Phat steel (HPG) were consumed in February
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...