Tags: viwasupco

REE and Vingroup acquires Vinaconex subsidiary in US$50-million deal

REE and Vingroup acquires Vinaconex subsidiary in US$50-million deal

Refrigeration Electrical Engineering Corporation (REE) and Sinh Thai LLC—a 100-per-cent-owned subsidiary of Vingroup—spent VND1.07 trillion ($47.1 million) acquiring 25.5 million shares, or 51 per cent stake, in Vinaconex Water Supply JSC (Viwasupco) from Vinaconex.