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The cycle of production, businessThe production cycle, the company's regular business was conducted in the period not exceeding 12 months.Characteristics of business activities in the financial year that affect private financial reportOn 03 February 2015, the same company PVI Insurance Corporation (a subsidiary of the company) donated 32,500,000,000 USD, accounting for 65% of the capital to establish Fund management joint stock company PVI under licence No. 55/GP-UBCK of State Securities Commission.August 10, 2015, the same company PVI Insurance Corporation and General Reinsurance Corporation PVI (the subsidiary of the company) donated 440,000,000,000 USD to establish investment Fund opportunity PVI ("POF") according to notification No. 215/TB-STATE SECURITIES COMMISSION of the State Securities Committee. POF is managed by fund management company PVI, the operating time of the POF is 5 years.On November 12, 2015, the Board of the company has decided the number 307/QD-PVI on reducing the percentage of capital held at the life insurance company PVI Sun Life to 25% through the transfer of a shares equivalent to 26% for Sun Life Assurance Company partner of Canada. The transfer of the 26% of the registered capital has been the parties to complete in 2015.
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