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Three-month-old firm becomes parent company of Vinaconex

By Van Phong

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HCMC – Pacific Holdings Investment JSC, which was established on November 12, 2021, has acquired over 277.8 million VCG shares of Vietnam Construction and Import-Export JSC (Vinaconex), thus becoming the parent company of Vinaconex.

Vinaconex informed that An Quy Hung Co., Ltd, which is related to Nguyen Xuan Dong, a member of Vinaconex’s board director, had sold its entire 277.8 million VCG shares, leading to its ownership at Vinaconex falling from 62.9% to 0%.

Pacific Holdings later bought the shares and became the parent company of Vinaconex, replacing An Quy Hung Co., Ltd.

Pacific Holdings has five shareholders, with An Quy Hung Co., Ltd holding a 99.92% stake.

Last year, Vinaconex posted over VND5.7 trillion in revenue, up 3.4% year-on-year, and VND531.5 billion in after-tax profit, plunging 68.6%.

Today, March 2, the VN-Index of the Hochiminh Stock Exchange dropped 0.88%, or 13.26 points, to close at 1,485.52 points.

Losing stocks outnumbered winning ones by 319 to 137. Some 941.6 million shares worth more than VND30.3 trillion changed hands on the southern market, rising 11.8% in volume and 15.3% in value against the previous session.

On the Hanoi Stock Exchange, the HNX-Index lost 0.3%, or 1.31 points, at 442.25 points. Some 109.9 million shares worth nearly VND3.5 trillion were transacted on the bourse.

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