Sao Ta Food, (FMC), a subsidiary of Pan Group, plans to buy back two million treasury shares through order matching and negotiation.
Vietnamese stocks are forecast to experience volatility and adjustments in some trading sessions next week but the rising momentum will continue to be the mainstream trend in the short term, analysts said.
Shares soared on both local markets on Thursday with the VN Index hitting a fresh 10-year high as investor confidence improved, pouring strong investment into all sectors and stocks.
The Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) has proposed that its shareholders approve a share buyback plan that will take place in 2017.
The Vietnam Opportunity Fund, managed by VinaCapital Group, has sold its entire holding in an unnamed trophy asset for US$100 million to a newly-formed hospitality joint venture between it and US private equity firm Warburg Pincus.
Vietnamese shares were mixed for a second day as blue chips fell on late selling and energy stocks rebounded on rising crude prices.
Shares rose for the third consecutive day on the HCM Stock Exchange yesterday as investors continued to focus on large-cap stocks in expectation of further market growth.