On February 24, 2020, the Company received an official document dated February 19, 2020 by the Hochiminh Stock Exchange. Accordingly, the Company would like to give more information on governance which was posted on a securities investment newspaper on February 14, 2020. The Company reduced/suspended petrol business and that was adopted by the resolution of the general meeting of shareholders dated November 20, 2019 to remove the business functions which are limited the foreign ownership to increase from 0% to 100% and invest and develop green power business. Therefore, the Company will remove the following business branches:
No.
Business branch
Branch code
Foreign ownership ratio as specified
foreign ownership ratio according to international commitments
Note
1
Wholesale of solid, liquid, gas fuels and other related products
4661
0%
2
Coastal transport of passengers, ocean transport of passengers
5011
100%
70%
3
Coastal transport of cargo, ocean transport of cargo
5012
49%
4
Cargo road transport
4933
51%
5
Other supporting services related to transport
5229
no specified
6
Building railways and highway construction
4210
75%