Lilama 3's business is going badly, Lilama's mother has to sell her child to pay off debt
According to information from the Vietnam Securities Depository (VSD), VSD has transferred ownership of 2,563,600 LM3 shares.of Lilama Joint Stock Company3 from Vietnam Machinery Installation Corporation - JSC (Lilama) to Vietnam Debt Trading Company Limited (DATC).
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Illustration photo. Source Internet |
Lilama invested in Lilama 3 from the very beginning with a 51% ownership ratio equivalent to 2,626,500 shares. From 2010 to now, Lilama has twice sold capital in Lilama 3, reducing the number of shares owned to 2,563,600 units equivalent to 49% and is no longer the parent company.
In the last 3 years, Lilama 3's business situation has been quite bad with losses of tens of billions each year. By the end of 2015, Lilama 3 had negative equity of 43 billion VND and LM3 shares were also restricted from trading on UpCOM.
Currently, LM3 stock price is trading around 4,000 VND/share.
According to Cafe F
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