Shipbuilding Industry Corporation

Tin Thanh Group and PHI Group, Inc. Sign Strategic Agreement with PetroVietnam Marine Shipyard JSC to Drive Marine and General Building Activities

Retrieved on: 
Tuesday, September 6, 2022
Diamond, Trident, Engineering, EPC, Keith E. House, Development finance institution, Lifting, Oil, Investment, Construction, BIDV, Tin, China Shipbuilding Industry Corporation, Environment, Commercial bank, Shipbuilding Industry Corporation, Power, Leadership, Company, PVD, Aquaculture, News, Farm, GLOBE, Private Securities Litigation Reform Act, Industry, Wind, Development, SBIC, Financial services, Shipbuilding, Management, Long Phú District

According to the agreement, PetroVietnam Marine Shipyard (PVMS) will increase charter capital to allow Tin Thanh Group and Philux Global Group to become its strategic and majority shareholders.

Key Points: 
  • According to the agreement, PetroVietnam Marine Shipyard (PVMS) will increase charter capital to allow Tin Thanh Group and Philux Global Group to become its strategic and majority shareholders.
  • Its onshore projects include steel fabrication, erection and commissioning for power plants, petrochemical plants, fertilizers plants, gas terminals and particularly onshore E-House, process module design, estimation & construction.
  • Tin Thanh Group currently holds 10 patents and 10 new valuable industrial solutions yet to be registered for patents.
  • This news release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

ITACO Launches Multi-Billion Dollar Arbitration Against Vietnam

Retrieved on: 
Wednesday, July 6, 2022
Tao, Socialist state, Quinn Emanuel Urquhart & Sullivan, Death, Generic Networking Virtualization Encapsulation, Tan Tao Group, Declaration of independence, Heart, USD, Happiness, Vietnamese, Arbitration, LLP, National Assembly, Law, GLOBE, Letter, TEC, Financial Times, Human Rights Watch, Cultural relations, Life, Life, Liberty and the pursuit of Happiness, Maharashtra Legislative Assembly, National archives, BBC, Shipbuilding Industry Corporation, WordPress, Globe, Attack, Computer, Time, Family, Lob bomb, Corruption, Founding Fathers of the United States, Freedom, Agreement, Drug, Online gambling, 3D printing, Animal, Vegetable oil, Reuters

HOUSTON, July 05, 2022 (GLOBE NEWSWIRE) -- Tan Tao Investment & Industry Corporation ("ITACO"), a public company chaired by Dr. Maya Dangelas, launched a billion-dollar arbitration proceeding against Vietnam under the Agreement between the United States and the Socialist Republic of Vietnam on Trade Relations (the "Treaty") pursuant to the 1976 UNCITRAL Rules (the "Arbitration").

Key Points: 
  • HOUSTON, July 05, 2022 (GLOBE NEWSWIRE) -- Tan Tao Investment & Industry Corporation ("ITACO"), a public company chaired by Dr. Maya Dangelas, launched a billion-dollar arbitration proceeding against Vietnam under the Agreement between the United States and the Socialist Republic of Vietnam on Trade Relations (the "Treaty") pursuant to the 1976 UNCITRAL Rules (the "Arbitration").
  • Dr. Dangelas elaborated:
    "The Arbitration follows from a series of attacks by the then Prime Minister Nguyen Tan Dung and the Vietnamese corrupted system against my companies such as ITACO.
  • ITACO's industrial parks have drawn thousands of foreign investors to Vietnam and transformed many areas of Vietnam by providing jobs and utilities to local citizens.
  • "A billion dollar thermal power plant of Tan Tao Group is about to be 'wiped out'", Dan Tri, 4 October 2017.

ITACO Launches Multi-Billion Dollar Arbitration Against Vietnam

Retrieved on: 
Thursday, June 30, 2022
REIT, Other Construction & Property, Professional Services, Legal, Construction & Property, Tao, Shipbuilding Industry Corporation, Socialist state, USD, ITA, Arbitration, Agreement

Tan Tao Investment & Industry Corporation (ITACO) (HOSE: ITA), a public company chaired by Dr. Maya Dangelas, launched a billion-dollar arbitration proceeding against Vietnam under the Agreement between the United States and the Socialist Republic of Vietnam on Trade Relations (the Treaty) pursuant to the 1976 UNCITRAL Rules (the Arbitration).

Key Points: 
  • Tan Tao Investment & Industry Corporation (ITACO) (HOSE: ITA), a public company chaired by Dr. Maya Dangelas, launched a billion-dollar arbitration proceeding against Vietnam under the Agreement between the United States and the Socialist Republic of Vietnam on Trade Relations (the Treaty) pursuant to the 1976 UNCITRAL Rules (the Arbitration).
  • ITACO, one of Vietnams largest publicly traded companies, was faced with no other choice but to commence the Arbitration after Vietnam sought to liquidate ITACO a multi-billion-dollar company on the basis of around USD 900,000 in debt that, it claimed, arose from a contract involving ITACOs subcontractor and a third party, a contract to which ITACO was never even a party.
  • 1 Businesswoman Dang Thi Hoang Yen Starting a business from two hands, Cafeland, 27 December 2011.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20220630005868/en/