PLX to divest from PG Bank
HCMC – The Vietnam National Petroleum Group (PLX) has announced it will auction off its entire stake in the Petrolimex Group Commercial Joint Stock Bank (PGB). It will put up 120 million PGB shares, or a stake of 40% in the bank, for auction on the Hochiminh Stock Exchange (HOSE), with a reserve
Hung Thinh Incons delays dividend payment again
HCMC – Hung Thinh Incons JSC (HTN) will delay the 2021 dividend payment until 2024, according to the firm’s recent announcement. The decision aims to secure enough cash for the firm’s business operations, so the new payment date is July 1, 2024, it said. This is the third time HTN has revised its
Initial margin for derivatives to rise to 17%
HCMC – The Vietnam Securities Depository (VSD) has revised the cap for the initial margin for the VN30 index futures contracts to align with developments on the derivatives market. The VSD yesterday, December 12, raised the initial margin for futures contracts of the VND30 blue-chip index to 17%