HANOI - After Vinashinlines filed for bankruptcy last month, Vietnam Oil and Gas Transportation Joint Stock Company (Falcon), another loss-making unit of State-run Vietnam National Shipping Lines (Vinalines), is preparing to go out of business.
Keywords: VinalinesVietnam National Shipping LinesGeneral Meetinggo outVietnam OilPreparingowe
HCMC – The banking sector looks set to have more mergers & acquisitions (M&A) deals struck this year as numerous banks are putting forth their merger schemes in the ongoing annual general meeting (AGM) season.
Keywords: VietinbankshareGeneral MeetingHong PhucforthHcmc Theacquire
Petrolimex Group Commercial Joint Stock Bank (PG Bank), owned by Vietnam's giant oil distributor, Petrolimex, has announced its restructuring plan for 2014 in which the Vietnam Bank for Industry and Trade (VietinBank) may take over it.
Keywords: VietinbankbankPetrolimexplantake overshareShareholders
HCMC – The local banking sector is looking to yet another merger – this time between Vietnam Maritime Bank and Mekong Development Bank (MDB).
Keywords: Maritime BankThe BoardbankShareholdersshareDirectorsleft
HCMC - Shareholders of Saigon Thuong Tin Commercial Bank, or Sacombank, approved the bank’s merger with Southern Bank at an annual general meeting on March 25 with a vote of 97.3%. But there were some shareholders backing the plan but others objecting to it.
Keywords: ShareholdersSacombankbankThe BoardThe BankGeneral Meetingplan
HCMC – Liquidity on the southern bourse jumped to a two-week high on March 18 but the VN-Index dropped a slight 0.08% at 599.85 points after a nine-day winning streak.
Keywords: The Vn IndexmarchslightmarketlevelGeneral Meeting
HCMC – Sacombank has recently announced it will increase foreign room to 30% against the current level of 10% as it has yet to find strategic investors that can hold a 20% stake in the lender.
Keywords: SacombankfindyetThe BankPartnersAnz BankGeneral Meeting
ASX-listed Donaco International last week signed a binding agreement to take the majority stake in the Lao Cai International hotel and casino.
Keywords: General MeetingRevenuestarTablesLao CaiUpgrades