VietJet shareholders okay higher foreign cap
Hanoi
VIETJET Aviation Joint Stock Co, which controls almost half of Vietnam's domestic airline market after first taking flight six years ago, has received shareholder approval to increase foreign ownership to meet investor demand in the nation's soaring travel industry.
Shareholders meeting in Ho Chi Minh City agreed to raise the cap on foreign ownership to 49 per cent from 30 per cent as the budget carrier forecasts 2017 profit to rise 36 per cent from US$110 milli…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife files police report against former employees for ‘potential wrongdoings’
Michelin challenges EU’s hunt for evidence of tyre cartel
First Resources denies allegations of links to firms clearing forests in Indonesia
US: Wall St opens higher on megacaps boost; earnings, Fed comments
Abbott beats quarterly profit estimates on strong medical device sales
Tesla asks investors to approve Musk’s US$56 billion pay again