Vingroup's Board of Directors has just issued a resolution on the transfer of shares in subsidiaries.
Accordingly, in order to restructure internal ownership, Vingroup transferred all shares in VinPro Trading and Service Joint Stock Company to its subsidiary.
After the transfer, Vingroup is no longer a shareholder but is still the parent company of VinPro. According to the data as of the end of the first quarter of 2019, Vingroup holds 64.63% at Vinpro.
Vinpro is a company operating in the field of retail of audiovisual equipment, computers, software and telecommunications equipment. Vinpro brand was born in March 2015, while Vinpro company was only established in 2018 with charter capital of VND 500 billion, after being separated from VinCommerce.
Previously, VinPro Technology – Electric System system included 2 business models VinPro and VinPro +. In which, VinPro is Technology Center – Electric Machine, located at all commercial centers of Vincom system, covering an area of about 3,000m2 / shop and VinPro + is a series of technology stores located in the provinces. , big city, an area of about 200-500m2 / store.
However, since September 2016, VinCommerce has decided to stop operating VinPro + retail chain, only VinPro centers will be maintained and developed.
At the end of February 2018, the Vinpro system only had 36 stores. However, after acquiring Vien Thong A in September 2018, the number of stores increased to 242. In total, Vingroup owns nearly 2,100 retail outlets nationwide and is the largest retail system today. .