The subject has existed for 12 years. However, in 2020, there was a revolutionary change, from an individual shareholder to two institutional ones (BNG CONSTRUCTION JOINT STOCK COMPANY – 50% and SSESTEEL LTD 45.079%) and an individual one in 2020. As collected, in 2020, SSESTEEL LTD acquired 51.3 million shares in Nam Thuan Steel Jsc for consideration of VND 513 billion offset against receivables from Nam Thuan Steel Jsc. This is a reconstruction.
In that year, SSESTEEL LTD changed strategic partner from Nam Thuan Investment Development Co Ltd to Nam Thuan Steel Joint Stock Company to reflect Nam Thuan Steel Jsc’s current operations. In addition, SSESTEEL LTD has temporarily stopped the operation since 2023. Thus, we cannot contact with this investor and Nam Thuan Steel Jsc.
On the media search, we collect information that Nam Thuan Steel Jsc acquired Dinh Vu Steel JSC and Dongbu Iron Company. However, the first company stopped the operation in 2021. In 2022, Nam Thuan Steel Jsc was one of businesses facing with difficulties.
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