Vinpeal finishes issuing shares for converting purposes

Vinpearl Joint Stock Co (coded VPL) announced that the company has already finished issuing 25,592,780 shares to public for purposes of converting shares of Vinpearl Da Nang Joint Stock Co, Vinpearl Hoi An Joint Stock Co and Vincharm Development and Services Joint Stock Co, with par value of 10,000 dong per share. The total share value was posted at 255.928 billion dong.



This movement was part of Vinpearl’s restructuring plan. After converting the shares of the fore-mentioned companies into VPL shares, Vinpearl will own 100 percent of Vinpearl Da Nang, Vinpearl Hoi An, Vincharm and those companies will be transformed into one-member limited companies under Vinpearl Group. After the restructuring process, Vinpearl will expand its operation scale, owning a system of hotels and resorts from Da Nang, Hoi An to Nha Trang.

Tags: Vietnam companies, Vietnam stock news

Posted by VBN on Mar 16 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry