Shareholders

According to Wohlthat, the decision to lift the FOL bar at PVI Holdings was passed by shareholders on April 27, 2017 and the management board was asked to execute the plan. However, the plan was delayed for two years because the company was unable to remove conditional business activities from its portfolio. … [Read more...] about HDI Global SE fined US$8,000 for information disclosure, foreign ownership violations

Accordingly, PVI Board structure decreased from eight to seven members, including three representatives of PetroVietnam and four representatives directly and indirectly nominated by HDI (three representatives of HDI and one of FLL). This was contrary to HDI’s prior decision to keep eight board members during 2017-2019. … [Read more...] about HDI Global SE, despite alleged violations, dominates PVI with 53.92 per cent stakes

Recently, ThuDuc House (HSX: TDH) reported VND20 billion ($870,000) in net losses, triple the amount in the company's original financial statement. The statement explained that financial costs in the second quarter rose by 108 per cent on-year, while the company had yet to earn revenue from several released projects like Centum Wealth (which is expected to improve in the next quarters). … [Read more...] about Real estate giants report heavy losses

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has raised its foreign ownership limit to 22.5076 per cent from 22.4951 per cent, according to the Ho Chi Minh Stock Exchange (HoSE). … [Read more...] about Techcombank raises foreign cap to allow foreign employees to buy shares

The plan of merging with Kido Foods was officially approved at the latest shareholders' meeting while there have yet to be a specific scheme for Tuong An because 36 per cent of the shares at Vocarimex (holding 26.6 per cent of Tuong An’s shares) belong to the local government. … [Read more...] about KIDO dismisses four deputy general directors