VAF Joint Stock Company has officially announced that Mr. Nguyen Ngoc Thach, a major shareholder, has proposed a public tender offer for shares. The purpose of this tender offer is to increase ownership interest and participate more effectively in the company’s management. This proposal also aims to enhance stability within the management board and ensure the interests of other shareholders. Previously, VAF experienced a prolonged period of lackluster trading activity, hence this tender offer is expected to stimulate investor interest and improve the company’s financial situation.
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