Sunday , November 24 2024

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Compensating Alibaba victims won’t be easy: lawyers

Compensating Alibaba victims won't be easy: lawyers

If the leaders of local property firm Alibaba are found guilty of fraud and ordered to compensate their alleged 4,000 victims, distributing said restitution will be complicated, lawyers familiar with the case have said. The Ho Chi Minh City’s People’s Court has identified around VND1.6 trillion ($67.7 million) worth of …

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VinaCapital buys 10.3% stake in Vietravel

VinaCapital buys 10.3% stake in Vietravel

Vietravel Holdings has sold 1.78 million shares of tourism company Vietravel, or a 10.3% stake, to investment fund VinaCapital. The deal was made on December 23 at a price of VND24,000 ($1) per share, more than 10% higher than its current market price of VND21,300. The Hanoi Stock Exchange restricted …

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