VUONG Holdings' Chairman and CEO, Vinh Vuong, provides insight on a new bill in the House seeking to boost U.S. domestic production with NTD News. Mr. Vuong explains how this bill, which plans to extend tax credits to American companies that produce rare earth magnets, is not nearly enough.
VUONG Holdings featured in Law360 article:
A sale hearing is scheduled for Tuesday, but Philadelphia-based Vuong Holdings filed for a continuance last week, saying it had not become aware of the auction until Sept. 20 and needed until Oct. 13 to secure proof of funds for its own $150 million bid for the company.
In text messages Monday, Vuong Executive Chairman Vinh Vuong said his company had expressed a willingness to go as high as $200 million.
"We had only 12-18 hours to return a LOI with strategy and info about our firm and we did," he said."