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Biwase has approved a plan to separate the company and establish four new water-supply firms through asset transfers from existing branches.
The split will create the following four one-member limited liability companies:
The company is expected to be headquartered at 369B/1 khu phố 1A, An Phú Ward, Ho Chi Minh City. It will be chaired by Le Cao Son and directed by Tran Van Tinh. The entity will be formed based on asset transfers from the Dĩ An and Thuận An water-supply branches, with charter capital of 210 billion VND.
Khu Liên Hợp Bình Dương Biwase Water One-Member LLC will be headquartered at 303, Street 85, Phú Chánh Ward, Tan Hiep Ward, Ho Chi Minh City. It will receive assets from the Khu Liên Hợp and Thủ Dầu Một water branches, with charter capital of 730 billion VND. The legal representative will be Doan Huu Ngoc Thuong (Chairman of the Board) and Do Tien Trong (Director).
Bàu Bàng Biwase Water One-Member LLC will be formed from asset transfers from the Bàu Bàng and Dầu Tiếng branches, with charter capital of 110 billion VND. Mr Doan Huu Ngoc Thuong serves as Chairman, and Mr Pham Hoang Loi serves as Director.
Tân Uyên Biwase Water One-Member LLC has charter capital of 300 billion VND and will be formed from assets of the Tân Uyên and Phú Giáo branches. The company will be led by Tran Hoang Duy as Chairman and Do Thanh Cong as Director.
Biwase stated that the spin-off does not change the parent company’s charter capital, which remains above 2,199 billion VND. Instead, the company will transfer assets corresponding to the values of the branches (as of 30/4/2026) to the new companies to establish their charter capitals.
On the shareholder side, Biwase said the number of shareholders remains at 3,669, and the shareholder list has been recorded in accordance with law.
All four newly formed companies are 100% owned by Biwase.
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