Laws of Vietnam

The Prime Minister has approved the plan on the sale of equities of the International Container Forwarding and Transporting Joint-Stock Company (INFACON) to foreign investors.

The joint-stock company’s charter capital is VND 10,080,000,000, of which:

- Equities sold to Straits Transportation Pte., Ltd. STS Container Line (Singapore): VND 1,000,000,000;

- The State equities: VND 2,240,000,000;

- Equities owned by officials and employees of the company: VND 1,832.094,000;

- Equities owned by shareholders outside the company: VND 5,007,906,000.

The sale of equities to foreign investors shall strictly comply with the current regulations.- (Summary)