The Board resolution dated September 23, 2019, City Auto Corporation (CTF) approved to establish a subsidiary with the following details:
- Company name: Vung Tau City Auto Joint Stock Company
- Charter capital: VND60,000,000,000 (CTF contributed VND57,000,000,000, accounting for 95% charter capital of Vung Tau City Auto Joint Stock Company.)
- To appoint Mr. Nguyen Hoang Minh Tien as the representative of stake of Vung Tau City Auto Joint Stock Company in Vung Tau City Auto Joint Stock Company.