THV sells stake to pay debts
The Thai Hoa Viet Nam Group (THV) said it will sell an 86.53 per cent stake of Thai Hoa Muong Ang Coffee Co to Maritime Commerce and Sea Transport Co, reducing its equity at the coffee company to 1 per cent.
The group's chairman Nguyen Van An said the transaction would net the company about VND46 billion (US$2.2 million) and it would use the amount to settle debts with the Viet Nam Maritime Bank and invest in a 6,000ha agricultural project in the northern province of Dien Bien.
The maritime company is based in the northern province of Thai Binh.
vietnamnews
> TRI's board member buys up shares (21/02/2012)
> Japan fund ups stake in medical instrument maker (21/02/2012)
> HHL: Notice of transaction of Directors, PDMR (Mr.Thanh) (21/02/2012)
> HNX Notice: Admission in principle of additional listing of CTN (20/02/2012)
> PTB: Decision on additional listing (20/02/2012)
> LCM: Change in the ownership ratio of a major shareholder (20/02/2012)
> SAP: Notice of transaction of Directors, PDMR (Ms. Thao) (20/02/2012)
> VCM: Notice of transaction of Directors, PDMR (Mr. Ha) (20/02/2012)
> C92: Notice of transaction of Directors, PDMR (Mr. Hue) (20/02/2012)
> VCM: Notice of transaction of Directors, PDMR (Mr. Dat) (20/02/2012)