Sugar firms merge

tohang

Thanh Thanh Cong Tay Ninh Sugar Company will issue an additional 37 million shares for swapping with shares of Gia Lai Cane Sugar Thermoelectricity Jsc (SEC).

Sugar companies are to be merged. – VNS Photo

HA NOI (Biz Hub) — Thanh Thanh Cong Tay Ninh Sugar Company will issue an additional 37 million shares for swapping with shares of Gia Lai Cane Sugar Thermoelectricity Jsc (SEC).

The swap will be done at a ratio of 1-1. Afterwards, the company, listed on the HCM City Stock Exchange as STB, will hold 100 per cent of SEC's charter capital. SBT said that in merging SEC with SBT, the company aimed to comply with the Law on Competition. — VNS



  • Share:

see also

UK a niche market for Vietnamese speciality coffee

UK a niche market for Vietnamese speciality coffee

The DakLak September 2nd Import-Export Company Limited (Simexco DakLak) said the UK is a strategic market for its speciality coffee products.
UKs carbon tax to affect VN exports

UK’s carbon tax to affect VN exports

The UK''s carbon border adjustment mechanism will take effect in 2027.
Việt Nam expects to officially export passion fruit to the US next year

Việt Nam expects to officially export passion fruit to the US next year

Negotiations on technical issues were already completed in August. Now, legal procedures are underway for the official export of fresh passion fruit to the US.
VN faced with increasing trade defence investigations on rising protectionism

VN faced with increasing trade defence investigations on rising protectionism

Việt Nam’s exporters faced a significant increase in the number of trade defence investigation cases this year, on the back of rising protectionism worldwide, according to the Ministry of Industry and Trade.
Experts point out economic growth drivers, challenges for next year

Experts point out economic growth drivers, challenges for next year

Several growth drivers are in place to help Việt Nam achieve its GDP growth rate goal of 6.5-7 per cent next year, but rapid and strong international fluctuations remain challenges to watch out for.