DIG: Change of the Management of the State-owned Capital In Corporation

On October 05, 2012, Development Investment Construction Joint Stock Corporation (DIC CORP) announced that the State-owned capital in the Corporation would be managed by the Ministry of Construction of Vietnam.

-         On October 02, 2012, the Prime Minster of Vietnam signed a decision to terminate the experimental establishment of the Vietnam Industry Construction Group (VNIC) and the Housing and Urban Development Group (HUD). Therefore, the management of State-owned capital worth 73,737,538 shares (or 56.72% charter capital) in Development Investment Construction Joint Stock Corporation will be handled to the Ministry of Construction.

-         Formerly, the State-owned capital was managed by the Ministry of Construction, then by Song Da Holdings when VNIC was established.

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