Thien Long Group (TLG) recently received an administrative fine decision from Ho Chi Minh City Tax Department amounting to nearly 4.1 billion VND for tax violation covering the period from 2016 to 2024. The company has fully paid the owed taxes and penalties. Additionally, the company announced its decision to dissolve Clever World Joint Stock Company, following the Board’s agreement on this solution. The group also plans to transfer 4 million shares (40% equity) in Pega Holdings, targeting a minimum sale price of 35 billion VND, and restructure its shares in Phuong Nam Cultural Joint Stock Company, to create a new company. This transfer aims for financial optimization and aims to provide flexible payment terms for potential investors. These decisions have been thoroughly evaluated to align with the group’s future development strategies.
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