VPL: Set up companies

Vinpearl Tourism and Trading Joint Stock Company (Vinpearl JSC) has informed of contributing capital to set up companies as follows:

1.   On 24 March 2008, the BOD of Vinpearl JSC issued the resolution No. 04/2008 in order to contribute 70% of chartered capital or VND105 billion to set up Vinpearl Hoi An Tourism Investment Joint Stock Company.

After receiving the business licence of the Department of Planning & Investment of Quang Nam Province dated April 1st 2008, it has been put into operation.

2.   On June 5th 2008, the BOD of Vinpearl JSC issued the resolution No. 11/2008 in order to contribute 80% of chartered capital or VND8 billion to set up Vietnam Nha Trang Tourism Joint Stock Company.

After receiving the business licence of the Department of Planning & Investment of Khanh Hoa Province dated June 12th 2008, it is expected to put into operation on September 5th 2008.

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