Party Secretariat asks for AVG deal inspection report

Created 09 March 2018
  • PDF
Editor Choice
Share
(0 votes, average 0 out of 5)

The Party Central Committee (PCC)’s Secretariat has asked the government to soon release the inspection results of a VNĐ8.89 trillion (US$395 million) acquisition by communications giant Mobifone.

 

Communications giant Mobifone paid nearly $400 million to buy the pay TV provider AVG and established the mobiTV. - Photo tuoitre.vn

HÀ NỘI — The Party Central Committee (PCC)’s Secretariat has asked the Government to soon release the inspection results of a VNĐ8.89 trillion (US$395 million) acquisition by communications giant Mobifone.

The request was made during a Secretariat meeting chaired by Party General Secretary Nguyễn Phú Trọng on the inspection report of the Government Inspectorate on the deal, PCC announced on Thursday evening.

State-owned Mobifone allegedly paid VNĐ8.89 trillion for 95 per cent of Audio Visual Global (AVG)’s shares, some 2.5 times higher than AVG’s charter capital recorded by the Ministry of Planning and Investment.

According to the Secretariat, the deal was “very serious, complicated and sensitive, and the public paid special attention to it”.

The Secretariat asked the Government and the Inspectorate to take responsibility for the inspection results and urgently handle the case in an objective and accurate manner in line with the party’s regulations and the law. — VNS

 

Source: VNN

Maybe You Also Interesting :

» Vietnam takes Bali’s place as top Aussie travel choice

Vietnam has become the favorite travel destination for Australians, pushing Indonesia’s Bali off that perch, says booking site Webjet.

» American has heart attack on Vietnam plane, in stable health now

Having four doctors on board and an emergency landing helped save an American’s life last week.

» Vietnam’s top IT firms top $16 billion in turnover

The turnover of Vietnam’s top 50 IT companies topped $16 billion last year, according to the Vietnam Software Association.
loading...

Popular News Categories:

- Asia & Asean  |  EU & Russia  |  America

- Facts  |  Urban  |  Faculty  |  Environment

- Business  |  Finance  |  Market Health

- Destination  |  Cuisine  |  Arts Music

- Cinema  |  Soccer  |  Sports  |  IT & Internet