StockGuru News: Cavico Corporation
Cavico Corporation (OTC: CVCP) Cavico Subsidiary Sells 5% Stake to Hanoi Building Bank in Preparation for Domestic Listing on the Vietnamese Stock Exchange LOS ANGELES, CA, and HANOI, VIETNAM–(MARKET WIRE)–Sep 28, 2006 — Cavico Corporation (Other OTC:CVCP.PK - News), a Vietnamese company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, bridges, roads, mines and urban buildings throughout Vietnam and the Pacific Rim, announced today that its Cavico Mining subsidiary, which is 50 percent owned by Cavico Corporation, sold a 5% stake to Hanoi Building Bank. The bank paid face value of 1.55 billion dong…