VFR: Transfer of 2% of charter capital of subsidiary to foreign investor

Transport and Chartering Corporation (Vietfracht) announces that the Company has reduced its shareholding in Dimerco – Vietfracht Company Ltd. from 51% to 49% since December 2010 after the People’s Committee of Hochiminh City approved the transfer of 2% of the Company’s shareholding in Dimerco – Vietfracht Company Ltd. to foreign investor. Thus, Dimerco – Vietfracht Company Ltd. has been transformed from Vietfracht’s subsidiary into Vietfracht’s associate company.

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