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Saigon Invest Group buys shares of Bidina Company

17/12/2010

In the morning of 15/12/2010, at Sai Gon-Quy Nhon Hotel, Binh Dinh Industry Agriculture Trading Joint Stock Company (BIDINA) held the share transfer contract signing ceremony.

In the morning of 15/12/2010, at Sai Gon-Quy Nhon Hotel, Binh Dinh Industry Agriculture Trading Joint Stock Company (BIDINA) held the share transfer contract signing ceremony.

Bidina Company was founded by 5 shareholders: Pisico Company (the biggest holder), Binh Dinh Sugar Joint Stock Company, Dung Quat Woodchip Co.,Ltd (Quang Ngai), Pisico Quangnam Forest Product Joint Stock Company and the founder, Mr Nguyen Van Ngoc. “The transfer of investment capital aims to restructure the investment list of the company” said Mr Nguyen An Diem.

Accordingly, Pisico Company has signed a principle contract to transfer 50% shares of Bidina to Sai Gon Invest Group. Also, Saigon Invest Group has bought 10% shares of Binh Dinh Sugar Company. After completing transfer procedures, this Group will be the strategic shareholder of Bidina. Besides, another partner, Sai Gon - Highland Joint Stock Company has bought 15% shares from Pisico Quangnam Forest Product Joint Stock Company.

In the future, Bidina and their new partners will continue to carry out projects of planting rubber trees and building a rubber latex processing factory in the Southern Laos.

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