Vingroup sets up Singapore-based company to pave way for U.S. car unit IPO -Breaking
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© Reuters. FILEPHOTO: Workers work in Vinfast, Vietnam’s first auto plant. It was opened by Hai Phong City on June 14, 2019. REUTERS/Kham/File PhotoHANOI, (Reuters) – Vingroup JSC Vietnam’s biggest conglomerate has created a Singapore-based holding firm called VinFast Singapore, which owns a stake in Vingroup’s Vietnam car unit.
Vingroup released a statement saying that this is part of the plan of Vingroup to list its shares in America’s car unit.
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