Vinpearl Joint Stock Company will be officially merged into Vincom Joint Stock Co in Vietnam’s largest merger and aquisition deal to date, according to the Vingroup.
Vinpearl Joint Stock Company will be officially merged into Vincom JointStock Co in Vietnam’s largest merger and aquisition deal to date,according to the Vingroup.
Vice Chairman of Vingroup and Chairman ofVincom Management Board Le Khac Hiep said the merger aims tocreate stronger management, mobilise human resources and integratebusiness strategies.
The merged businesses will operate under the name Vietnam Investment Group or Vingroup.
Following the deal, Vinpearl shares, listed as VPL, will begin trading under Vincom shares, code VIC. VIC and VPL currently rank 4 th and 5 th on the HCM StockExchange in terms of capitalisation with 40 trillion VND (1.9 billionUSD) and 17.5 trillion VND (841.3 million USD)./.
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