Apax English's recent graduation ceremony The company (ticker IBC on the Ho Chi Minh City Stock Exchange–HoSE) has completed its extraordinary general shareholders’ meeting on July 27, 2018, where a representative of South Korean investment fund management company Valuesystem was approved to join the company’s Board of Management. The meeting also approved the plan on convertible bond issuance (second round for 2018) to raise sufficient capital for the Apax English training centre and Steame kindergarten chain expansion plans. New resources to bolster strength In April 2018, Vietnamese Minister of Finance Dinh Tien Dung and leaders of the Vietnamese financial and securities sectors presided over a major conference promoting investment to Vietnam in Seoul, South Korea. The event was attended by more than 400 investors from diverse Korean investment funds, investment and leading insurance groups. On the occasion, Korean investors delivered the clear message that they … [Read more...] about Korean capital flows bolster Apax Holdings’ big ambitions
Kodiak group holdings
Kyoei Steel to increase holding in Vietnam Italy Steel
Kyoei Steel has registered buying an additional two million shares in Vietnam Italy Steel JSC (VIS), showing that the company has not given up on its ambitions to acquire VIS. Kyoei Steel to increase holding in Vietnam Italy Steel Kyoei Steel has released the plan to buy an additional two million VIS shares. The transaction is expected to take place between July 6 and August 5. Once successful, Kyoei Steel will increase its holding in VIS to nearly 50 million shares, equaling 67.7 per cent, from the existing 65 per cent. Kyoei Steel may spend VND58 billion ($2.52 million) on the deal. Previously, on May 10, the Japanese steel manufacturer completed the purchase of 33.2 million shares (45 per cent) in VIS to increase its holding to 65 per cent. This stake was divested by hai Hung Trading JSC, which owned 65 per cent in VIS at the time. At the time, the VIS ticker was valued at VND34,400 ($1.51), thus Kyoei spent VND1.14 trillion ($50.06 million) on the deal. Increasing its … [Read more...] about Kyoei Steel to increase holding in Vietnam Italy Steel
Yeah1 Group holds big market debut amid pricing controversy
Digital media firm Yeah1 Group hit the VND300,000 ($13.12) ceiling at its first trading day yesterday, despite the on-going debate about its sky-high pricing. Pricing controversy shrouds the market debut of Yeah1 Group Yeah1 Group made history by becoming the first digital media company to float shares on Vietnam’s public market, which is usually dominated by banks, real estate developers, and manufacturers. Approximately 27 million shares of Yeah1 Group, under the ticker YEG, started trading on the Ho Chi Minh City Stock Exchange this morning with the sky-high listing price of VND250,000 ($10.94). The shares soon climbed 20 per cent to hit the peak at VND300,000 ($13.12). This record pricing made Yeah1’s shares the most expensive debut in Vietnam’s history, topping other high-profile transactions in recent years such as Vietjet Air, Vinhomes or Vincom Retail. All of these sellers priced their stock below VND100,000 ($4.38) per share upon debut. That … [Read more...] about Yeah1 Group holds big market debut amid pricing controversy
Taisho Group increases holding in Hau Giang Pharmaceutical
Taisho Group expressed interest in buying an additional 650,000 shares to increase its holding in Hau Giang Pharmaceutical JSC (DHG) to 24.94 per cent. Taisho Group to increases its holding in Hau Giang Pharmaceutical The sale is expected to be conducted on June 6-7. The offered price was the closing price of the transaction session on June 1 (VND104,500–$4.58), thus Taisho will have to pay VND67 billion ($2.94 million) for the purchase, according to enternews.vn. It is just a small share volume, however, it brings Taisho Group closer to its target of enhancing its pharmaceutical business in Asia, including Vietnam. In July 2016, Taisho acquired more than 21.3 million shares or a 24.4 per cent stake in DHG. The value of the deal was not disclosed, but based on June 30, 2017 data, with each DHG share closing at VND103,000 ($4.52), the deal should be worth nearly VND2.2 trillion ($98 million). At the time, the group believed the transaction and alliance with DHG, as the … [Read more...] about Taisho Group increases holding in Hau Giang Pharmaceutical
Bản in : Working groups hold nine meetings on 4th day of SOM1
Khanh Hoa (VNA) – Working groups and subcommittees convened nine meetings on February 21 as part of the 4th working day of the first APEC Senior Officials’ Meeting (SOM-1) and related meetings in Nha Trang city, the south central coastal province of Khanh Hoa. The Human Resources Development Working Group (HRDWG) hosted three meetings to map out cooperation orientations and priorities in 2017, including the implementation of the APEC education strategy, preparations for the high-level policy dialogue on human resources development in the digital era in Hanoi in May, and the 7th APEC Ministerial Meeting on human resources development in 2018. Meanwhile, the first plenary meeting of the APEC Sub-Committee on Customs Procedures (SCCP) focused discussions on implementing the Trade Facilitation Agreement (TFA) within the framework of the World Trade Organisation (WTO) and the single-window mechanism, as well as promoting harmony of standards in food safety, environmental … [Read more...] about Bản in : Working groups hold nine meetings on 4th day of SOM1
Working groups hold nine meetings on 4th day of SOM1
Khanh Hoa (VNA) â Working groups and subcommittees convened nine meetings on February 21 as part of the 4th working day of the first APEC Senior Officialsâ Meeting (SOM-1) and related meetings in Nha Trang city, the south central coastal province of Khanh Hoa. The Human Resources Development Working Group (HRDWG) hosted three meetings to map out cooperation orientations and priorities in 2017, including the implementation of the APEC education strategy, preparations for the high-level policy dialogue on human resources development in the digital era in Hanoi in May, and the 7th APEC Ministerial Meeting on human resources development in 2018. Meanwhile, the first plenary meeting of the APEC Sub-Committee on Customs Procedures (SCCP) focused discussions on implementing the Trade Facilitation Agreement (TFA) within the framework of the World Trade Organisation (WTO) and the single-window mechanism, as well as promoting harmony of standards in food safety, environmental protection, and … [Read more...] about Working groups hold nine meetings on 4th day of SOM1
Chu Ru ethnic group holds women in high esteem
Chu Ru ethnic minority people adopted a sedentary life and practised farming very early. Nowadays they also practise sericulture and life is fairly stable. Apart from cultivation, they raise cattle, pigs, goats and poultry. They make bamboo and rattan handicrafts and tools such as sickles, picks and knives. Some villages are well known for their pottery. Hunting and gathering and picking are sideline occupations in every family. The play (village) contains many family lineages and other residing ethnic groups. Po-play (village chiefs) are elected by the inhabitants, after which comes the shaman, who plays an important role in spiritual life. Usually, the extended family of the Chu Ru comprises three to four matrilineal generations living in an elongated house. Monogamy is observed and the young woman chooses her own husband, who lives with his wife's family. The Chu Ru worship their ancestors but there are no altars in their houses. Instead, rituals are carried out at various … [Read more...] about Chu Ru ethnic group holds women in high esteem
Vietnamese group holds lacquer painting exhibition
PANO – A lacquer painting exhibition of the Vietnamese “Son ta” (Vietnamese traditional paint) artist group is taking place at the Exhibition House, 29 Hang Bai Street, Hanoi. The art work “Groundswell” (Song ngam) by Nguyen Truong Linh The exhibition displays 50 lacquer paintings by 17 painters, featuring Vietnamese nature, landscapes, and people. The artworks were composed in various styles with the use of- Vietnamese traditional lacquer materials. Several outstanding works at the exhibition were “Groundswell” (Song ngam) by Nguyen Truong Linh, “A fallow garden” (Vuon hoang) by Hai Nam, “Aspiration” (Khat vong) by Tran Phi Truong and “Immortal Legend” (Huyen thoai bat tu) by Do Khai. The exhibition will run until September 27. Translated by Hong Thanh … [Read more...] about Vietnamese group holds lacquer painting exhibition
“Xoe” dance of the Thai ethnic groups
(Cinet)- Vietnam’s northwestern region including Lai Chau, Yen Bai and Son La is endowed with beautiful landscape and a traditional dance called Xoe. Recently, Xoe Dance of the Thai Ethnic Group has become a national intangible cultural heritage. According to the legend of the Thai people in the northwest, Lac Truong, the chief of the Muong Lo area (in Yen Bai Province today), led the villagers to Muong So area (in Phong Tho District, Lai Chau Province today) to reclaim land for farming and building their hamlets. It was the place where the Xoe dance of the Thai people in the northwest originated in the 10th century. The Xoe dance was performed by the boys and girls in the hamlets, who held hands to form a circle and danced together. The musical instruments for the dance included gourd lutes, drums, two-chord fiddles, gongs and cymbals. In the first years of the 20th century, from being a popular dance, Xoe became "a court dance" to serve the chiefs in the northwest. … [Read more...] about “Xoe” dance of the Thai ethnic groups
Cham ethnic group holds festival
VietNamNet Bridge - The ethnic Cham group will hold their most important traditional festive, Ramuvan, from Friday to Sunday. The festival includes cleaning and decorating ancestral graves, worshipping the ancestors and other cultural activities. The festival, in the central province of Ninh Thuan, also attracts tourists and culture researchers. * Photo exhibit spotlights ethnologist Nearly 20 photographs of French ethnologist Georges Condominas in Viet Nam are on show at the HCM City University of Social Sciences and Humanities until August 3. They were provided by writers Nguyen Ngoc and Nguyen Van Ku. Visitors can view them online: www.nhanlucnhanvan.edu.vn/trienlamanh/index.htm. Ngoc will lecture on Condominas's We Have Eaten the Forest book on Saturday at the university, 10-12 Dinh Tien Hoang Street, District 1. Condominas, who spent his life researching the ethnic people of the Central Highlands, passed away on July 17 in France, of a heart attack. * Local dancers … [Read more...] about Cham ethnic group holds festival