Joint announcement on MOF approval
27 August 2015: Ministry of Finance approves in principle the strategic partnership between BIC and Fairfax Asia.
The Ministry of Finance of Vietnam has today given its approval in principle for Fairfax Asia Limited, a wholly owned subsidiary of Fairfax Financial Holdings Limited, to become a strategic shareholder of BIDV Insurance JSC (“BIC”) and for BIC to increase its chartered capital from VND762,299,820,000 to VND1,172,768,950,000.