* Phat Dat Real Estate Development Corporation (PDR) estimates to gain VND2 trillion in revenue and VND336 billion in after-tax profit this year, soaring 34 percent and 39 percent versus 2016 respectively. PDR plans to invest an additional VND3 trillion in eight projects, including VND 1 trillion in theRiverCityproject.

* Sai Gon Thuong Tin Real Estate Company (SCR) has announced cooperation with Vgroup Joint Stock Company to establish an equal footing joint venture. The new firm, SV real estate construction design & investment company, will have a chartered capital of VND20 billion.

* Viet Italy Steel Company (VIS) will sell over 24.6 million shares to existing shareholders at VND15,000 each, using the proceeds to expand investment ‘in the Viet Italy steel factory. This year, the enterprise plans to invest in a steel ingot factory in Hung Yen Province capitalised at VND650 billion in the fourth quarter and a reel rolling factory in Hai Phong City worth, ‘D800 billion in the second quarter. Besides,VISwill pend  • ‘D208 billion raising output ofits steel ingot factory at Dong Nam Cau Kien Industrial Zone to 600,000 tonnes per year, said vietstock.vn.

* The board of director ofTransimex Corporation (TMS)’s has approved targe of”. ;0213 billion in pre-tax profit, • ‘DiOO.8 billion in total revenue and dividends from 25″b to 30 percent in 2017.

* Hai Duong Pump, lanufacturing Company (CTB) will be offering 1.75 million transferable common shares at VND 10,000 each ben ‘een the second and the third quarter of this year to increa e its chartered capital. The shares will be sold to existing shareholders at a 2:1 ratio.

* Nguyen Tuyet Nhung, a relative of a board member of Tien Trung Investment Construction and Technology Company (TfZ), has offloaded 500,000 TIZ shares, or a 7.14 percent stake in the enterprise.

* Phu Nhuan Service Company (~ISC) has an nounced March 31 as the ex-dividend date to advance a 2016 second round dividend in cash for shareholders at 11 percent.

Source: Intellasia.net