MB Signs Comprehensive Cooperation Deal with SSG Group

Military Bank (MB) and SSG Group Joint Stock Company (SSG) signed a comprehensive cooperation agreement in Ho Chi Minh City on December 4, 2010 to jointly invest in the real estate sector, urban zones, commercial centres, hotels, offices for rent and other areas of common interests.

 

The joint investment will be made in a variety of forms like stake acquisition, capital contribution, business cooperation contracts and others.

 

Previously, MB also agreed to finance VND950 billion to SSG’s Thao Dien Pearl projects. Also in 2010, SSG signed an agreement with MB-affiliated Thang Long Securities Joint Stock Company (TLS), under which the latter will advise the former on share issue and listing shares on the Hochiminh Stock Exchange (HOSE) in 2011.