Hoa Sen Group crumbles? Hoa Sen Group's rates of return in 2018's first quarter dropped by 80 per cent on-year. Furthermore, its main products’ market shares are threatened by other competitors, making Hoa Sen raising debts to maintain the market shares. To clarify this issue, VIR contacted with Hoa Sen Group and received an answer: “I do not know about the issue,” from a representative of the firm’s Investment Department. After the transaction, the firm retained 7.9 million HSG shares, equaling 2.25 per cent of Hoa Sen Group’s charter capital, officially leaving the group of the firm’s largest shareholders.

Source: VietNamNet News June 07, 2018 04:18 UTC