Macstar Group buys 36% stake in An Bien Shipping Lines

Macstar Group Corporation announced a Board of of Directors' resolution to acquire 9,000,000 common shares, representing 36% of the charter capital, in An Bien Shipping Lines from Sao A D.C Investment Corporation. The anticipated transfer price per share is VND 13,400, totaling VND 120,600,000,000. The acquisition is expected to be funded by capital raised from an additional share issuance to existing shareholders.

The transaction involves Sao A D.C Investment Corporation, which currently holds 31.37% of Macstar's charter capital and is connected to Macstar's chairman, Tran Tien Dung, and board member, Tran Vu Quang. The acquisition will proceed based on the draft share transfer agreement, with the general director authorized to oversee the implementation and finalization of all related documents.

An Bien Shipping Lines, with a charter capital of VND 250,000,000,000, specializes in container storage and related services. Tran Thanh Hai, a major shareholder of Macstar, currently serves as the general director of An Bien Shipping Lines. The resolution emphasizes Macstar’s commitment to transparent oversight of potential conflicts of interest.