CII: Vinaphil explains the purpose of purchase of CII shares
Vinaphil Infrastructure Investment Joint Stock Company (VPII) has given reasons for the purchase of 15% of CII’s stake as follows:
The purchase of 15% was clearly defined in VPII’s development strategy. Besides, VPII’s main business is infrastructure investment, so VPII is going to execute infrastructure projects along Vietnam's National Highway 1A. The investment in an infrastructure project often takes from one to two years at least. Then, the implementation of the project will last another three years. Therefore, for the efficient use of capital, the general shareholders’ meeting of VPII approved to only buy 15% of CII’s stake at VPII’s expected price level.
The purchase of 15% was clearly defined in VPII’s development strategy. Besides, VPII’s main business is infrastructure investment, so VPII is going to execute infrastructure projects along Vietnam's National Highway 1A.
The investment in an infrastructure project often takes from one to two years at least. Then, the implementation of the project will last another three years. Therefore, for the efficient use of capital, the general shareholders’ meeting of VPII approved to only buy 15% of CII’s stake at VPII’s expected price level.
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