Vexilla Viet Nam group to divest entire stake in M&S Trading

The board of directors of Vexilla Viet Nam Group Joint Stock Company (VEXILLA) announced on September 17, 2025, its approval to divest from its subsidiary, M&S Trading Joint Stock Company (M&S). This decision involves the transfer of VEXILLA's entire stake in M&S.

VEXILLA's current investment in M&S totals VND 26,499,000,000, representing 2,649,900 shares and a 96.61% ownership stake. The divestment price per share will be no less than VND 10,000, aiming for a total divestment value of at least VND 26,499,000,000. Upon completion of the transaction, VEXILLA will hold 0% of M&S's charter capital, owning no shares.

The divestment is projected to be completed within 2025. The general director of VEXILLA has been authorized to manage all aspects of the transaction, including selecting the optimal timing and price, negotiating with partners, and executing all necessary procedures.