Frontiersinsight Vietnam
Date: 14 september Industry: Construction & Engineering
Target: Vinaconex Advanced Compound Stone Deal Type: Purchase of stake
Bidder: - Share%: 17%
Seller: Vinaconex Deal value (USD): 6.36 M
Details:
Construction company Vinaconex earlier this month sold 5.3 million shares in its subsidiary Vinaconex Advanced Compound Stone Company, reducing its holdings from 22 per cent to just 5 per cent.
Vinaconex also withdrew capital from a number of subsidiaries and affiliates, including Cam Pha Cement Joint Stock Company and Vinaconex Company.
VCG shares on Friday declined 2 per cent on the Hanoi exchange to VND14,500. Meanwhile, VCS shares closed unchanged at VND24,900.
Companies overview:
• Vinaconex Advanced Compound Stone Joint Stock Company is a Vietnam-based manufacturer of construction fixtures and materials. The Company manufactures compound tiles for construction and interior design purposes. Its products include tiles made from quartz-resin, marble-cement, or natural quartz-cement compound. The Company is also involved in the merchandise of industrial equipment and supplies, as well as construction and the provision of installation services to property projects. Through subsidiaries, it is engaged in mineral mining and stone masonry activities.
• Vietnam Construction and Import - Export Joint Stock Corporation (Vinaconex) is a Vietnam-based construction and engineering company. It constructs commercial, industrial and residential structures, as well as provides architectural, design and engineering services. The Company is also engaged in the trading of construction materials, fixtures, machinery and vehicles used in the construction industry. Apart from real estate operations, it is involved in electricity trading, water treatment, mineral mining, petroleum trading and financial investment. Through its subsidiaries and affiliates, it offers vocational training and educational services, and is engaged in hotel and supermarket operations, food and beverage trading transportation and farming activities.
In order to read the full version of the M&A report, please register on our website and get the free trial access to this report.
Vinaconex sell stake in VCS
Date: 14 september Industry: Construction & Engineering
Target: Vinaconex Advanced Compound Stone Deal Type: Purchase of stake
Bidder: - Share%: 17%
Seller: Vinaconex Deal value (USD): 6.36 M
Details:
Construction company Vinaconex earlier this month sold 5.3 million shares in its subsidiary Vinaconex Advanced Compound Stone Company, reducing its holdings from 22 per cent to just 5 per cent. Vinaconex also withdrew capital from a number of subsidiaries and affiliates, including Cam Pha Cement Joint Stock Company and Vinaconex Company.
VCG shares on Friday declined 2 per cent on the Hanoi exchange to VND14,500. Meanwhile, VCS shares closed unchanged at VND24,900.
Companies overview:
• Vinaconex Advanced Compound Stone Joint Stock Company is a Vietnam-based manufacturer of construction fixtures and materials. The Company manufactures compound tiles for construction and interior design purposes. Its products include tiles made from quartz-resin, marble-cement, or natural quartz-cement compound. The Company is also involved in the merchandise of industrial equipment and supplies, as well as construction and the provision of installation services to property projects. Through subsidiaries, it is engaged in mineral mining and stone masonry activities.
• Vietnam Construction and Import - Export Joint Stock Corporation (Vinaconex) is a Vietnam-based construction and engineering company. It constructs commercial, industrial and residential structures, as well as provides architectural, design and engineering services. The Company is also engaged in the trading of construction materials, fixtures, machinery and vehicles used in the construction industry. Apart from real estate operations, it is involved in electricity trading, water treatment, mineral mining, petroleum trading and financial investment. Through its subsidiaries and affiliates, it offers vocational training and educational services, and is engaged in hotel and supermarket operations, food and beverage trading transportation and farming activities.
In order to read the full version of the M&A report, please register on our website and get the free trial access to this report.
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