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Vincom to Issue, Swap Shares for Vinpearl Merger, Thoi Bao Says

Nov. 2 (Bloomberg) -- Vincom Joint-Stock Co. proposed to issue and swap 158.2 million new shares to merge with Vinpearl Joint-Stock Co., Thoi Bao Kinh Te Vietnam newspaper reported, citing information from Vincom.

Under the proposed swap, one Vinpearl share will be converted into 0.77 of a Vincom share, according to the report. Vincom will discuss the proposal at an extraordinary shareholder meeting, according to the report, which didn’t provide a timeframe.

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To contact the editor responsible for this story: Nick Heath at nheath2@bloomberg.net

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