Vingroup spins off Vinfast, establishes a new company.

(NLĐO) - Vingroup will restructure VinFast by splitting it into two separate companies, increasing its shareholding, and lending VinFast 35,000 billion VND.

*VIC : Vingroup Corporation (Vingroup-VIC) announces important information regarding the restructuring of its subsidiary, VinFast Investment and Development Corporation (VinFast).

Accordingly, Vingroup has just announced that it will split its subsidiary VinFast (with a charter capital of over 2,450 billion VND) into two new legal entities. The new subsidiary will focus on overseas investment activities to support VinFast's operations in international markets. After the split, Vingroup will own 51.11% of the charter capital of the new subsidiary and 61.06% of VinFast's charter capital after the split.

In addition, Vingroup converted VinFast's existing loan of over 80,000 billion VND from Vingroup by purchasing additional preferred dividend shares in a manner approved by the General Meeting of Shareholders.

Simultaneously, Vingroup announced important decisions to support its subsidiary, VinFast, in Vietnam by providing a loan of VND 35,000 billion over 24 months. This money will be used for investment, production, and business operations. This financial support and expanded shareholder benefits will help VinFast enhance its competitiveness and accelerate its international market expansion, particularly in the US market.

*DGW : Digital World Joint Stock Company (DGW) announced that a number of internal shareholders and leaders registered to purchase shares, increasing their holdings of DGW shares under the company's employee stock option program from November 18th to December 2nd.

*TNA : Thien Nam Import-Export Trading Joint Stock Company (TNA) had 49.57 million shares delisted by the Ho Chi Minh City Stock Exchange effective November 19th. The reason given was that the company had seriously violated its information disclosure obligations, failing to provide complete and accurate information as required by regulations.

*TCO : TCO Holdings Joint Stock Company announces that November 26th is the ex-dividend date for the stock dividend payment and capital increase. Accordingly, for the dividend, shareholders owning 100 TCO shares will receive 12.99 new shares. For the capital increase, shareholders with 100 shares will receive 54.4 new shares.

*VIP : TM Holding Fund Co., Ltd., which currently owns 4.97% (3.4 million VIP shares), has completed the purchase of 600,000 VIP shares, increasing its stake to 4 million shares (equivalent to 5.84%) and becoming a major shareholder as of November 11th.

Source: https://nld.com.vn/chung-khoan-truoc-gio-giao-dich-ngay-14-11-vingroup-tach-vinfast-lap-cong-ty-moi-196241113214952182.htm