Viettel Post establishes company in Guangxi; Digiworld splits Digiworld Venture; 911 opens another company

29/3 Textile expands through M&A; Duc Long Gia Lai buys back capital from an affiliated company that it had divested from; 911 Group opens another company; A member of Vietravel completes dissolution procedures...

Viettel Post establishes company in Guangxi; Digiworld splits Digiworld Venture; 911 opens another company

29/3 Textile expands through M&A; Duc Long Gia Lai buys back capital from an affiliated company that it had divested from; 911 Group opens another company; A member of Vietravel completes dissolution procedures...

Viettel Post establishes company in Guangxi

Viettel Post has decided to establish a company in Guangxi Province, China. The new move is part of the logistics development strategy of the carrier under Viettel Group.

Viettel Post's Logistics Park in Lang Son Province

Viettel Post plans to contribute 1.37 million USD in cash, not using borrowed capital, to establish a new enterprise, named Viettel Post Logistics and Trading Company Limited (Guangxi).

Previously, in April 2024, Viettel Post and a working delegation from Nanning City, Guangxi Province, China signed a memorandum of understanding on cooperation in researching and investing in a logistics center in Nanning.

At the signing ceremony, Mr. Hoang Trung Thanh, General Director of Viettel Post, said that connecting with Guangxi is a key point in the Group's logistics development strategy.

Also recently, on December 11, Viettel Post inaugurated the first phase of the Logistics Park in Lang Son province, Vietnam - a project that will begin implementation in July 2024.

The Logistics Park is built on an area of ​​143.7 hectares, using advanced technologies such as direct connection to the customs data systems of Vietnam and China, thereby reducing customs clearance time from 4-5 days to less than 24 hours.

Viettel Post plans to implement phase 2 of the project with expansion goals, including a data center, connecting customs data of Vietnam and China to serve the pilot smart border gate in Dong Dang, an 8-hectare railway station serving the Dong Dang - Bang Tuong (China) intermodal transport, along with other infrastructure areas such as factories and export processing zones.

Digiworld splits Digiworld Venture

The Board of Directors of Digiworld Joint Stock Company has approved the separation of a subsidiary and the establishment of a new company.

The separated company is Digiworld Venture - the unit through which Digiworld owns a series of other important members in the ecosystem.

Digiworld has approved the separation of a subsidiary and the establishment of a new company.

Specifically, Digiworld Venture LLC, 100% owned by Digiworld, will be split into two companies, whereby Digiworld will transfer a portion of its charter capital, assets, rights and obligations to establish a new company called Nexta Capital LLC.

After the split, Digiworld Venture has a charter capital of nearly VND 212 billion while Nexta Capital has a charter capital of more than VND 390 billion. Digiworld's Board of Directors agreed to assign the Chairman of the Board of Directors to be responsible for implementing details and carrying out the necessary work and procedures according to the Resolution.

According to Digiworld's 2023 Annual Report, Digiworld Venture plays an important role in the Company's ecosystem. Through Digiworld Venture, Digiworld holds 100% of the capital of 1 Digital Technology LLC, specializing in buying and selling software technology products, computers, and electronic components and components.

During its operation, Digiworld Venture has undergone many capital increases, from VND 100 billion to VND 150 billion in April 2021, to VND 407.25 billion in August 2022, and then three consecutive capital increases in 2023, to VND 509 billion in June, to VND 512 billion in August and to VND 602 ​​billion in October 2023.

29/3 Textile expands operations through M&A

29/3 Textile Joint Stock Company has approved the transfer of 208,000 shares, accounting for 52% of the charter capital of Vietsun Quang Nam Joint Stock Company, from Viet Sun Investment Joint Stock Company. The transfer price is VND17,500/share, equivalent to a total value of VND3.64 billion. The transaction is expected to be completed in January 2025.

In 2024, March 29 Textile is estimated to achieve revenue of more than 786 billion VND

After becoming a subsidiary, Vietsun Quang Nam will change its name to Hachiba Duy Xuyen Joint Stock Company. At the same time, the Company will appoint Mr. Ho Anh Phat (born in 1991) as the representative for capital contribution management.

Established in 2017, Vietsun Quang Nam (formerly Cat Tien Son T2 & T Joint Stock Company) operates mainly in the field of ready-made garment production, along with some supporting industries such as mechanics and food retail. Headquartered at Tay An Industrial Cluster, Duy Trung Commune, Duy Xuyen District, Quang Nam Province. The company once reduced its charter capital from VND 20 billion to VND 4 billion in August 2024. The current legal representative is Mr. Le Van Quang (born in 1974), who is also the Director of the Company.

With this deal, the Company targets revenue of VND 843 billion in 2025, an increase of 7% compared to 2024.

In 2024, March 29 Textile and Garment is estimated to achieve revenue of more than VND 786 billion, a slight decrease of 1% compared to the previous year. However, pre-tax profit reached VND 29.2 billion, an increase of 23% and exceeding the annual profit plan by 22%.

Duc Long Gia Lai buys back capital contribution from previously divested affiliated company

Duc Long Gia Lai Group (DLGL) has approved the purchase of capital contribution of Tay Nguyen Raw Materials Supply Company Limited owned by Mr. Bui Minh Long.

Duc Long Gia Lai Group has approved the purchase of capital contribution of Tay Nguyen Raw Materials Supply Company Limited.

Specifically, DLGL will receive the transfer of 10% of the charter capital of Tay Nguyen Raw Material Supply Company Limited, equivalent to 6 billion VND. Implementation time is in the first quarter of 2025.

It is known that Tay Nguyen Raw Material Supply Company Limited used to be an affiliated company of DLGL, but on August 26, 2019, DLGL's Board of Directors approved the transfer of all 33.33% of the capital held by this unit to Mr. Ho Ngoc Hoang.

Tay Nguyen Raw Material Supply Company Limited was established in 2008, headquartered in Pleiku City, Gia Lai Province. The Director and legal representative is Mr. Le Ngoc Minh - who was a member of the Board of Supervisors of DLGL during the period 2013-2016 but then resigned due to being transferred to another position in the Company.

The charter capital of Tay Nguyen Raw Material Supply Company Limited is 60 billion VND, initially contributed by DLGL 33.33%, the remaining contributed by Tay Nguyen Minerals and Metallurgy JSC 66.67%. However, by June 2022, Mr. Minh replaced DLGL to hold 33.33%, and Mr. Vo Sy Viet replaced Tay Nguyen Metallurgy to hold 66.67%.

911 Group opens another company

911 Group Joint Stock Company approved the establishment of 911 Group Future Transport and Service Joint Stock Company with a charter capital of 20 billion VND, in which the Group contributed 13 billion VND, equivalent to 65% and held the role of parent company.

911 Group will establish 911 Group Future Transportation and Service Joint Stock Company

911 Group Future is headquartered at Group 9, Tan Cang Quarter, Phuoc Tan Ward, Bien Hoa City, Dong Nai Province and operates according to the Group's business lines. Ms. Nguyen Thi Thom, Chairwoman of the Board of Directors, Legal Representative is assigned to manage the capital contribution and carry out procedures according to legal regulations to establish the enterprise.

911 Group, formerly known as 911 Foundation Equipment Joint Stock Company, was established on March 22, 2011. Its main business activity is wholesaling machinery, equipment and other spare parts. Its charter capital at the time of establishment was 3 billion VND. The company increased its capital 4 times after that, up to 45 billion VND in 2016 and changed its name to 911 Group Joint Stock Company, up to 80 billion VND in 2017, then to 185 billion VND in 2021 and to 240 billion VND in 2022.

The establishment of 911 Group Future is the latest move after 911 announced that its partner Mirae Asset Daewoo (Korea) became a major shareholder, through the purchase of 100,000 NO1 shares on December 18, 2024, increasing ownership from 4.63% to 5.04%.

Also in December, the Group announced plans to restart a cooperation project with a Korean corporation, Z-TON, to build a self-propelled crane assembly plant in Ha Nam province.

It is expected that in 2025, the assembly plant built in Thanh Liem Industrial Park, Thanh Liem District, Ha Nam Province will focus on producing ATOM self-propelled cranes from 5-15 tons mounted on trucks and forklifts, to serve domestic and export needs.

In addition to its core operations, 911 has recently attracted attention with a series of moves to diversify its business activities. The Group signed a cooperation agreement with PMK Construction Sole (Laos) specializing in providing electrical equipment for the Lao market, with an average export scale of 30 million USD/year, or signed a contract with VinFast to develop 911 Taxi, and at the same time buy electric vehicles and rent batteries, with the goal of owning 2,200 electric vehicles to serve customers in many provinces and cities across the country by 2025.

A Vietravel member completes dissolution procedures

Vietravel said it received a notice from the Ho Chi Minh City Department of Planning and Investment about terminating operations of its member, Vietravel Investment and Development Company Limited (Vietravel Invest).

In fact, Vietravel has decided to dissolve Vietravel Invest since May 2023, due to the impact of the Covid-19 epidemic, it changed its direction and restructured the business.

Vietravel has decided to dissolve Vietravel Invest from May 2023, due to the impact of the Covid-19 epidemic.

At that time, Vietravel Invest was informed that it had no more signed and ongoing contracts; no more debts to customers, tax authorities, social insurance and other debts; no capital mobilization in any form; no use of labor and no debt to salaries and allowances for employees; no assets to be liquidated.

Vietravel Invest was established on January 3, 2019, one year before Vietnam recorded its first case of Covid-19, opening the way for the subsequent period of fighting the pandemic.

Vietravel members mainly operate in the field of real estate business, land use rights owned, used or leased. Head office is located at 90A Nguyen Thi Minh Khai, Ward 6, District 3, Ho Chi Minh City.

In 2024, Vietravel announced the termination of operations of 3 representative offices in the North, Central and Southwest regions in October, due to no longer having a need to operate. In June 2024, the Company received a notice to terminate operations of the Hue branch due to corporate restructuring.

On the contrary, in December 2024, the Company received the Certificate of Establishment of Viet India Travel Private Limited Company under the laws of the Republic of India, after about 3 months of receiving the Certificate of Registration for Foreign Investment.

At Viet India Travel, Vietravel invested 51 thousand USD. On the website, Vietravel said that Viet India Travel will focus on providing specialized tourism services, designed specifically for the Indian market.

Source: https://baodautu.vn/viettel-post-lap-cong-ty-tai-quang-tay-digiworld-chia-tach-digiworld-venture-911-mo-them-cong-ty-d241315.html