SJS: SJS’s foreign ownership limit temporarily fixed at 13.3479 percent

Song Da Urban & Industrial Zone Investment and Development Joint Stock Company (Sudico) is offering 41,745,862 shares for sale, accounting for 36.6521% of the number of outstanding Sudico shares. On February 24, 2022, the State Securities Commission sent an official document to approve the temporary fixing of foreign ownership limit at Sudico at 13.3479% (equivalent to 15,202,878 shares). The temporary locking period will be from March 02, 2022 to May 25, 2022. After that time or in case Song Da Corporation – JSC completes divestment from Sudico within an earlier time, Sudico will announce the adjustment of foreign ownership limit.

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