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A special and by far less common form of joint-stock companies, intended for companies with a large number of shareholders, is the publicly traded joint-stock companies, called allmennaksjeselskap and abbreviated ASA. A joint-stock company must be incorporated, has an independent legal personality and limited liability, and is required to have ...
Times Square Investment Joint Stock Company, a subsidiary of Vạn Thịnh Phát, owns a prime property with frontages on Nguyễn Huệ Walking Street and the Union Square shopping and hotel complex, which features four frontages. The Times Square Investment building (located at 26–36 Nguyễn Huệ, District 1) is chaired by Chu Lap Co.
A joint-stock company is a company owned by several, generally private, investors. They’re an in-between creation, held more closely than a public company but more widely traded than a partnership.
The suit alleges that Lan illegally transferred US$4.5 billion in and out of Vietnam between 2012 and 2022 using 21 companies controlled by Lan's real estate company. [13] On 17 October, she was convicted and sentenced to life imprisonment on the said charges, alongside the death sentence she had already received. [14]
Under the proprietary system, individuals or companies (often joint-stock companies), known as proprietors, were granted commercial charters by the Crown to establish overseas colonies. These proprietors were thus granted the authority to select the governors and other officials in the colony.
In a joint-stock company, the members are known as shareholders, and each of their shares in the ownership, control, and profits of the corporation is determined by the portion of shares in the company that they own. Thus, a person who owns a quarter of the shares of a joint-stock company owns a quarter of the company, is entitled to a quarter ...
However, a joint stock company must also try to maximize the return for its owners instead of only maximizing the return and customer services to its customers. This can lead to a decline in customer service to the extent that customers', management's and shareholders' interests diverge.
An open joint-stock company (открытое акционерное общество, abbreviated "OJSC" in English, "ОАО" in Russian) is a legal entity where shares may be publicly traded without the permission of other shareholders. An OAO can distribute its shares to an unlimited number of shareholders and sell them without limitations.