The board of directors of Ocean Group (OGC) has just adjusted the target of total consolidated revenue for this year to decrease by 24 per cent compared to the previous plan to VND739 billion (US$32 million).
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.
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.
The Ocean Bank blocked the accounts of Ocean Hospitality on January 7,
two days after it did the same with the hotel operator''s parent firm,
the Ocean Group.
The members of the management board of Ocean Hospitality, a subsidiary
of the Ocean Group, have temporarily appointed Huynh Trung Nam as their
chairman.
Ocean Group, known as OCG on the HCM City Stock Exchange, was looking to
sell its stake in PetroVietnam Premier Recreation Jsc. (PVR) from
Thursday to July 17.
Ocean Hospitality and Services Joint Stock Company (OCH) now owns 78.4
per cent of Trang Tien Ice-cream JSC''s charter capital, according to the
OCH''s 2013 financial report.
The INFO Commodity Exchange (INFO COMEX) run by Ocean Group, and the
Belarus Commodity Exchange have agreed to share information on the
commodity markets and step up business co-operation.