Ocean Group Joint Stock Company (OGC) will sell Ocean Thang Long
Investment Company (OTL) – one of its subsidiaries – to a local
real-estate enterprise, OGC''s Board of Directors said yesterday in the
company''s 2015 share-holders meeting.
Ocean Group Joint Stock Company (OGC) reported a loss of VND1.319
trillion (US$60.5 million) in revenue in 2014 last Saturday when its
annual shareholders'' general meeting failed to convene.
The HCM Stock Exchange (HOSE) on Wednesday decided to list Ocean Group
Joint Stock Company (OGC) as a designated security on the stock market
from May 27.
Ocean Group Joint Stock Company (OGC) may lose nearly VND3 trillion
(US$139 million) after the State Bank of Viet Nam completed a merger for
OceanBank for VND0 last month, Tri Thuc Tre (Young Intellectual) online newspaper reported .
Financial conglomerate Ocean Group (OGC) has announced it will divest
several of its companies and sell some of its real-estate projects, the
Tri Thuc Tre reported.