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Why Are Cement Giants Divesting from Multiple Enterprises?
Vietnam Cement Industry Corporation (Vicem) has announced plans to auction shares in batches across multiple subsidiaries and affiliates, scheduled for December 22-23. This move aligns with Vicem’s restructuring plan for the 2021-2025 period. Last year, the Ministry of Finance’s Inspectorate flagged potential capital loss risks in Vicem’s investments in several companies.
Novaland (NVL) Merges Subsidiaries, Boosts Capital to Over 5.4 Trillion VND in 25-Fold Increase...
Following the completion of the transfer, NVL no longer holds any equity stake in Mega House Co., Ltd.
THACO Unexpectedly Reduces Charter Capital, Foreign Investors Unchanged
THACO Group, led by Tran Ba Duong, has announced a reduction in its chartered capital from VND 30,510 billion to VND 30,389.5 billion, marking a decrease of over VND 120 billion.
