Previously, in March 2020, Vingroup spent 450 billion VND to buy back all shares in Huong Hai – Quang Ngai from partners, and assigned Vinfast to be the organization in the name of the shares in the deal. this.
Recently, the Department of Competition and Consumer Protection – Ministry of Industry and Trade has announced information on economic concentration among companies of Vingroup’s ecosystem (stock code: VIC).
Specifically, Vinsmart Research and Production Joint Stock Company (Vinsmart) is expected to buy back 71% of shares in Huong Hai – Quang Ngai Joint Stock Company from Vinfast Manufacturing and Trading Company Limited.
If the transaction is successful, Vinsmart will directly hold 71% of the charter capital and controlling control of Huong Hai – Quang Ngai.
Previously, in March 2020, Vingroup spent 450 billion VND to buy back all shares in Huong Hai – Quang Ngai from partners, and assigned Vinfast to be the organization in the name of the shares in the deal. this.
The companies participating in this economic concentration now do business in many fields.
In Huong Hai – Quang Ngai, the company focuses on mining, minerals and other additives; In addition, the company also produces cement, lime, gypsum, ore, stone, sand…. Recently, the company plans to operate in the field of prospecting, mining and processing tin ore in Quang province. Ngai and is currently in the exploration phase.
It is known that Huong Hai – Quang Ngai was established in February 2018, with the Chairman of the Board of Directors cum legal representative, Mrs. Nguyen Mai Hoa. Ms. Hoa also has relationships with a series of businesses in the Vingroup ecosystem, such as the head of the Human Resources Department of Vingroup, a member of the Board of Directors of Hanoi South Urban Development JSC, the legal representative of the Service and Business JSC. VinFast,…
Talking about operations at Vinfast, the company is trading in cars and electric motorbikes. As for Vinsmart, since the beginning of May, Vinsmart has officially stopped researching and producing televisions and mobile phones, thereby starting to focus entirely on manufacturing components for Vinfast electric cars and motorbikes. in order to increase the localization rate and ensure high quality supply.
T&G International Joint Stock Company
Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi
Hotline: 0345786803
Email: hrm@tginterjsc.com
Website: http://tginternationaljsc.com
