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Listed affiliates of construction giant Song Da to merge

Update: March, 24/2012 - 09:01

QUANG NINH — Shareholders of construction companies Song Da 6.06 (SSS) and Song Da 6 (SD6) have approved a merger of the two companies through a stock swap at a 1:0.6 ratio. Odd shares of SD6 after the swap will be demolished, and the company will pay VND10,000 per share to shareholders. The merger will be completed when the Ha Noi Department of Planning and Investment issues a new business registration certificate to SD6. The listing of SSS shares on the Ha Noi Stock Exchange will be cancelled.-VNS

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