Vinpearl Joint Stock Company will be officially merged into Vincom Joint Stock Co in Vietnam’s largest merger and acquisition deal to date, according to the Vingroup.
Chairman of the Vingroup Management Board Le Khac Hiep said the merger aims to create stronger management, mobilize human resources and integrate business strategies.
The merged businesses will operate under the name Vietnam Investment Group or Vingroup.
Following the deal, Vinpearl shares, listed as VPL, will begin trading under Vincom shares, code VIC.
VIC and VPL currently rank 4th and 5th on the HCM Stock Exchange in terms of capitalization with VND40 trillion (US$1.9 billion) and VND17.5 trillion (US$841.3 million) respectively.
VNA
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