Vien Dong - Big shareholders have flanged up commitment of purchasing shares.
20/01/2010 - 02:42 PM
VIEN DONG pharmaceutical Joint Stock Company (code: DVD) has just reported the result of stock exchange of internal shareholders. This information has officially confirmed by the commitments of Executive Board of the company about purchasing of stock during the past time.
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According to information of the
Executive Board of VIEN DONG pharmaceutical Joint Stock Company, Mr Dao
Xuan Huong, a member of the Board of Management of VIEN DONG
pharmaceutical Joint Stock Company has submitted a report on the result of stock
exchange of internal shareholders to the
State
Securities Commission, Department of Stock exchange in Ho Chi Minh City
and the Executive Board of the company.
Accordingly, from December 30th,
2009 to January 18th, 2010, Mr Dao Xuan Huong has successfully
exchanged 450,000 DVD stock with the holding rate of 3,7% of the charter capital
in the company. Thus, Mr Huong has completed internal exchange, increased the
possession rate much more than registered time (allowed registration time is up
to March 1st , 2010).
Before that, the Stock Exchange
had accepted in written to allow the company to execute the exchange of internal
shareholders including the trading of purchasing of Mr Dao Xuan Huong and the
Chairman of the Board of Management, Mr Le Van Dung registered to purchase 1
million of DVD shares in the same period.
At the moment of statement of
information about registration of the above internal exchange, there have been
unbelievable thoughts about this information because there had been some cases
that the Executive Board of companies only had statement of internal exchange
without purchasing stocks as registered, which was look like the “jobbery” for
the Investors. The fact is that after much information of purchasing stocks,
there also has some information about failure of purchasing the registered
stocks for many reasons such as “market movements” and “unexpected stock price”,
etc.
However, the Executive Board of
VIEN DONG pharmaceutical Joint Stock Company confirmed that the extra
purchase of DVD stock and increasing the rate of possession is one proper
strategy chosen and considered and determined to execute by the Executive Board
of the company. Mr Le Van Dung, the chairman of the Board of Management of VIEN
DONG pharmaceutical Joint Stock Company also committed to sooner execute
the commitment than the registered time (from December 30th, 2009 to
March 1st, 2010).
According to Mr Le Van Dung, one
of people who have the strong attachment, closely following up the activities of
the company in each rise and fall step, The Executive Board clearly understand
the most about activities of the company as well as the DVD potential. Next
time, with advantages of human resources, distribution channels as well as
long-term strategy of development, being active on research, manufacturing of
new products and receiving belief from counterparts, VIEN DONG
pharmaceutical Joint Stock Company will have enough capability of becoming one
of the leading enterprises in Viet Nam.
Especially, in March 2010, the
LiLi of France joint venture company (joint venture between VIEN DONG
pharmaceutical Joint Stock Company and French partner) will accomplish the
second period and officially operate, become considerable spearhead of the
company. Presently, by the method of technology transfer, hiring packaging
workshop, processing products with trademark LiLi of France appeared in the
market and brings high revenue for the company.
In fact, as some
members of the Board of Management of the company registered to purchase
additional stock, the price of DVD was more than 74.000 VND per stock (at the
moment of listing in HOSE). Until now, as the member of the Board of Management
has completed to purchase stocks according to commitment, the price of DVD is
further exceed 90.000 per stock (closing the session on January 18th,
DVD is at 91.000 VND per stock). It is proved that the Executive Board of the
company as deciding to purchase DVD to increase the rate of possession is the
absolutely accurate appraisal, because the growth potential of this stock has
been practically proved.
According to the
analysis circle, P/E index at present of DVD is much lower than the average P/E
index in this line particularly and in the securities market in Vietnam
generally. Some of securities companies have also give the rather good
appreciation on this stock code. Typically, as the independent analysis and
estimation of Tan
Viet Securities Incorporation (TVSI), the invested price of DVD is reasonably at
102.000 shares. TVSI has also commented that the price of DVD stock presently is
respectively low, even lower than the real value of DVD in both at present and
in the future, and this is the favorable opportunity to increase the possession
rate in the company.
On the side of
investor, Mr. Dung thought that the stock exchange of the Executive Board of the
company once asserted the commitment of stable and long-term strategy of the
company. Thus, this is the positive step and further strengthens the investor’s
belief on DVD value. By the result of sudden growth in 2009 (the turnover is 936
billion VND, net profit is 112 billion VND in comparison with 25 billion VND in
2008), the dividend the investor shall receive in 2009 is up to 25% of nominal
value and paid in cash by the company. Vien Dong Pharmaceutical Company Limited
has closed the list of dividend payment on January 13th 2010 and
carries out paying the dividend on January 28th 2010.
All the Company’s
commitments, since time of listing, purchase of guarantee stock, the proportion
of dividend payment or bonus stock issuance, etc. have been serioulsy
implemented. We consider that not only the promise, but also the ensurance of
managers to the shareholders and investors who believe in and contribute capital
to the Company” – speaking Mr. Dung
Ba Kien
According to Securities Investment Review, January 20th 2010.