VIC: Vingroup purchases more shares in Saidong

On October 01, 2012, the CEO of Vingroup Joint Stock Company issued Decision No.37/2012/QD-TGD-VINGROUP to approve the receipt of stake transfer from founding shareholder Saidong Urban Development and Investment JSC. Vingroup will buy another 21,600,000 common shares, accounting for 18% of Saidong’s charter capital. After the transfer, Vingroup’s will own 94,800,000 shares or 79% of Saidong’s charter capital.

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