05
Oct
18:03
VinFast to receive $1.2 billion in new funding in next six months
Vietnamese EV start-up VinFast said on Thursday it expects to receive $1.2 billion in grants in the next six months from its chairman, parent company Vingroup and two key shareholders, Kallanish reports.
The bulk of the funding, around $1 billion, will come from its chairman Pham Nhat Vuong, who owns roughly 46 million ordinary shares in the Nasdaq-listed company. As of 30 September 2023, he had disbursed $291m to the company, with the Vingroup already providing …
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Very good overview of the weekly steel market.
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