VinFast Auto (VFS) has released an update.
VinFast Auto Ltd. is undertaking an internal reorganization to enhance its operational efficiency and strategic alignment, with plans to spin off a new subsidiary, VinFast Investment and Development Joint Stock Company. Additionally, the company is receiving significant financial backing from its major shareholder, Vingroup, which is set to provide loans and capital contributions to support VinFast’s growth and restructuring efforts. This includes converting loans into preference shares, aimed at facilitating long-term expansion and strengthening the company’s financial foundation.
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