Travel, realty firm shares down despite director's buyback order

September 19, 2019 - 11:02

The company’s general director Hoàng Anh Dũng plans to increase his ownership in the business to 27.68 per cent from the current 0.05 per cent.

A corner of Ninh Vân Bay Travel Real Estate JSC's facilities in Khánh Hòa Province. The company shares fell 1.7 per cent on Wednesday. - Photo cafebiz.vn

HCM CITY – Shares of Ninh Vân Bay Travel Real Estate JSC (HoSE: NVT) fell 1.7 per cent to VNĐ8,850 (US$0.38) per share on Wednesday, despite the general director having offered to buy 25 million shares.

The company’s general director Hoàng Anh Dũng plans to increase his ownership in the business to 27.68 per cent from the current 0.05 per cent.

Transactions started on Wednesday and will last until October 17.

Recently, foreign investment fund Recapital Investment Ptd Ltd signed up to sell 21.72 million shares of the 32.46 million shares it has in the firm.

The shares will be sold between September 16 and October 25 to earn cash to settle other debts.

In the first half of the year, the travel and realty firm recorded a VNĐ679 billion loss. The company's shares will remain on the Hồ Chí Minh Stock Exchange’s warning list until the full financial report for 2019 is announced. – VNS

Tags Hồ Chí Minh Stock Exchage HoSE share buying

Hà Nội honours 36 key industrial products

Economy

CPTPP, UKVFTA to boost UK – Việt Nam trade relations

Economy

EVN signs contract for national grid power supply project for Côn Đảo

Economy

Canada Brand campaign begins

Economy

Bình Dương takes advantage of opportunities from EVFTA, UKVFTA

Economy

New trade policies of the UK Government to ease Việt Nam's exports

More on this story

Economy

Blockchain community asks for a sandbox

Representatives of the blockchain industry in Việt Nam have asked for a ‘sandbox’ for the technology while meeting with Government agencies at a conference on Wednesday in Hà Nội.

Economy

Sugar firm to meet shareholders at end of month

The company said total revenue in the last financial year was VNĐ890 billion (US$38.3 billion), 1.2 per cent lower than the full-year target.

Economy

Green finance for renewable energy

Renewable energy has great potential to meet growing demand if it has appropriate policies and financial support.

Economy

Việt Nam sees success in removing fishing yellow card

Việt Nam has implemented many solutions according to the European Commission (EC)’s nine recommendations to remove the yellow card warning on the country’s fishing industry. In November, the EC will come to Việt Nam for the second time to check and re-evaluate the implementation of these recommendations.

Economy

Việt Nam ranked in top countries for investment

Việt Nam has climbed in the ranking of best countries in which to invest this year, surpassing other Southeast Asian nations, such as Malaysia, Singapore and Indonesia.

Economy

Vietnamese goods shine in Thailand

Vietnamese businesses are proudly presenting their products at the “Vietnamese Week in Thailand 2019”, which officially opened on September 18 in Bangkok, Thailand.

Economy

Saigon Co.op signs deal with Grab to offer consumers new experiences

The Saigon Union of Trading Co-operatives on Tuesday signed an agreement with Grab Company Limited to offer consumers new experiences on the technology platform ranging from shopping and mobile payment to delivery.

Economy

Three exhibitions begin in HCM City

The 13th Việt Nam International Woodworking Industry Fair opened in HCM City on Wednesday with over 490 firms from 32 countries and regions taking part.

Economy

VN must improve quality of labour force for EVFTA

The EU-Vietnam Free Trade Agreement (EVFTA) offers many opportunities to Vietnamese workers and just as many challenges. The country’s labour force must find ways to improve its quality in order to produce products that adhere to stricter standards in European markets, said policymakers and labour experts at a conference in Hà Nội on September 17.