Vingroup separates Vinfast, establishes new company

(NLDO)- Vingroup will restructure VinFast by separating it into two separate companies, increasing its holdings and lending VinFast 35,000 billion VND.

*VIC : Vingroup Corporation (Vingroup- VIC) announced important information about the restructuring of its subsidiary, VinFast Investment and Development Joint Stock Company (VinFast).

Accordingly, Vingroup has just announced that it will separate its subsidiary VinFast (with a charter capital of over VND2,450 billion) into two new legal entities. The new subsidiary will focus on overseas investment activities to serve VinFast's operations in international markets. After the separation, Vingroup will own 51.11% of the charter capital of the new subsidiary and 61.06% of VinFast's charter capital after the separation.

In addition, Vingroup converted VinFast's current loan at Vingroup of more than VND 80,000 billion by purchasing additional dividend-preferred shares according to the method approved by the General Meeting of Shareholders.

At the same time, Vingroup announced important decisions to support its subsidiary VinFast in Vietnam by providing a loan of VND35,000 billion within 24 months. This amount will be used for investment, production and business. Financial support and expanded shareholder benefits will help VinFast increase its competitiveness and accelerate its international market expansion, especially in the US market.

*DGW : Digital World Joint Stock Company (DGW) announced information that a series of internal shareholders and leaders registered to buy shares, increasing the percentage of holding DGW shares according to the company's employee selection program from November 18 to December 2.

*TNA : Thien Nam Import-Export Trading Joint Stock Company (TNA) was decided by the Ho Chi Minh City Stock Exchange to delist 49.57 million shares from November 19. The reason is that the company seriously violated its information disclosure obligations, failing to provide complete and accurate information as prescribed.

*TCO : TCO Holdings Corporation announced that November 26 is the ex-dividend date for stock dividends and charter capital increase. Accordingly, with dividends, shareholders owning 100 TCO shares will receive 12.99 new shares. As for capital increase, shareholders with 100 shares will receive 54.4 new shares.

*VIP : TM Holding Fund Company Limited, which owns 4.97% (3.4 million VIP shares), has completed the purchase of 600,000 VIP shares, increasing the ratio to 4 million shares (equivalent to 5.84%) and becoming a major shareholder since November 11.

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