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Vinamilk shuts down its real estate company

Update: March, 01/2014 - 08:50

HA NOI (VNS)— The Viet Nam Dairy Product Joint-Stock Company (Vinamilk) has announced the closure of its real estate and investment company.

This was disclosed in a letter sent to the State Securities Commission and the HCM City Stock Exchange on Monday by Vinamilk's general director Mai Kieu Lien.

Lien said the VND160 billion (US$7.6million) real estate company International Real Estate Investment One-Member Co Ltd was established as a Vinamilk subsidiary for real estate businesses such as those involved in the brokerage and leasing of real estate and warehouses in HCM City, in 2006. — VNS

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