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Update news shareholders

Restructuring, bad debts prevent VN banks from paying dividends

At Sacombank’s annual general meeting held on June 5 its permanent vice chairman Pham Van Phong said that in 2019 the bank’s pre-tax profit increased by 43.2 per cent to VND3.2 trillion (US$137.5 million), which was 21.4 per cent above the target.

Queries around shareholders of FastGo and be

After only two years of operation, the shareholder structures of both local ride-hailing platforms FastGo and be are now a mystery.

IFC divests stake at Vietnam’s state-run Vietinbank

The International Finance Corporation (IFC) remains a major shareholder of Vietinbank with a nearly 6.5% stake.

Stock dividends keep shareholders happy, enable banks to increase capital

 VietNamNet Bridge – In the third quarter of this year Techcombank decided to pay stock dividends for 2017 to its shareholders at a ratio of two shares for each share held.

Vietnam Airlines fixes shareholders list before UPCom listing

VietNamNet Bridge – National flag carrier Vietnam Airlines has asked its shareholders to register their ownership by the end of this month to serve its trading registration on the Unlisted Public Company Market (UPCoM),

Samsung Electronics vows mobile rebound, dangles buyback after Note 7 shock

 Samsung Electronics Co Ltd on Thursday said it aims to recover quickly from the disastrous withdrawal of the fire-prone Galaxy Note 7 that dragged third-quarter mobile earnings to their lowest level in nearly eight years.

HSBC to freeze salaries, hiring in 2016 in battle to cut costs: sources

 Europe's largest lender, HSBC, is imposing a hiring and pay freeze across the bank globally in 2016, two sources familiar with the matter told Reuters.

Industry and Trade Ministry's firms struggle to find strategic investors

 VietNamNet Bridge – Businesses under the industry and trade ministry have not attracted foreign strategic investors during their privatisation,

Plan approved to sell 97% State stake at Vinamotor

 VietNamNet Bridge – The Ministry of Transport has approved a plan to sell out the 97% State stake at Vietnam Motors Industry Corporation (Vinamotor).

Sale of stakes in SoEs marks new era

 VietNamNet Bridge – The State Capital Investment Corporation (SCIC) plans to sell the Government's stakes in 10 major State-owned enterprises. These include listed companies like Vinamilk, FPT Corp, Bao Minh Insurance Corp,

Qantas returns to full-year profit and pledges new growth phase

 Australia's national carrier Qantas has reported a return to full-year profit and says it plans to buy new planes.

Debt offset to hurt small shareholders

 Issuing shares to offset debts has become one of the solutions employed by many businesses nowadays.

Several want strategic stakes in Vietnam Airlines

 VietNamNet Bridge – Several organizations look to become strategic investors in Vietnam Airlines Corporation when the national flag carrier launches its initial public offering on November 14,

Shareholders unhappy with lower, unpaid dividends

 VietNamNet Bridge – Shareholders in many banks have not received their dividends in recent years though banks have set low rates, but not cut them completely.

Foreigners unhappy with meager FOL rise

VietNamNet Bridge – Strategic foreign investors on March 18 showed disapproval of a scant increase of the foreign ownership limit (FOL) in local banks.

Twitter's Jack Dorsey to join Walt Disney's board

 Twitter founder, Jack Dorsey, has been nominated as an independent board director at Walt Disney.

Foreign glee as cap on stakes look set to rise

 VietNamNet Bridge – Foreign investors may soon have their hopes of higher ownership ratios in listed companies realised.

Interest arroused over Eximbank, Sacombank new merger rumours

 VietNamNet Bridge – Investors are again questioning whether Eximbank will merge with Sacombank after a large number of shares were traded through negotiation methods and there were changes in the bank's managing board.

Vietnamese businesses struggle to escape foreign big sharks

Vietnamese businesses, which are thirsty for capital, want to call for foreign capital to improve the business situation. However, they fear that they may become the aiming points of the foreign companies’ hostile takeover plans.