VIC: Establishing subsidiaries
The Board resolution dated June 07, 2021, the BOD of VINGROUP Joint Stock Company approved the following issues:
1) The implementation of internal restructuring, Vin3S Joint Stock Company (is a subsidiary of Vingroup) carried out the procedures to separate businesses. Accordingly, Vin3S Joint Stock Company transfers a part of contributed capital of existing shareholders with corresponding assets, rights and obligations to establish new companies. Details are as follows:
- Company name: Serene Land Joint Stock Company
- Head office address: No.7 Bang Lang Street, Vinhomes Riverside, Viet Hung Ward, Long Bien District, Hanoi, Vietnam.
- Charter capital: VND64,790,000,000 (VIC owned 59.39% charter capital of Serene Land Joint Stock Company, corresponding to Vingroup's ownership rate in Vin3S Joint Stock Company).
2) The implementation of capital contribution to establish subsidiary:
- Company name: Vinbiocare Biotechnology Joint Stock Company
- Head office address: Techno Park Building, Vinhomes Ocean Park, Da Ton Commune, Gia Lam District, Hanoi, Vietnam.
- Charter capital: VND200,000,000,000 (VIC owned 69% charter capital of Vinbiocare Biotechnology Joint Stock Company).