Friday 20 June 2008

AAA insurer buys 50% stake into Hung Dai Duong Co

Friday, June 20, 2008
AAA Insurance Joint Stock Co recently signed a strategic partnership contract to buy back 50% stake into Hung Dai Duong Co to set up a joint venture named AAA-Hung Dai Duong Joint Stock Co.

Hung Dai Duong specialises in fields of Granite mining and processing.

The joint venture will increase the mining and processing capacity of Hung Dai Duong by five times.