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All founder stake holders in AF Industry JSC have finalized the deal to step out from company operation (27 June 2006)

After more than one year working on procedure, all founder stake holders has concluded the formality to transfer all of its equity stake to new share holders including individuals and foreign entity. Says Pham Viet Hung, Managing Director at AFI “we are proud to announce this strategic relationship with such an extremely well connected global players. With this new background we will be able to meet all needs of customers in the Vietnamese markets, and we expect to grow sharply in coming years toward challenging global market. It is pity that the founder has decided to step out from company operation as well as legal responsibilities. Through its excellent execution capabilities the company will allow us to further strengthen our project offering”.

The company also announced the new revised business license that reflex the change and The terms of the transaction have not been disclosed. 


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