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HPG: Board Resolution No.01 & 02 _ Feb 10, 2020 Hoa Phat Group Joint Stock Company announces Board Resolutions No.01 and No.02 dated February 10, 2020 as follows:
Board Resolutions No.01:
The Board of Directors approved the adjustment of Hoa Phat Dung Quat Iron and Steel Production Complex – Expansion Phase in Dung Quat Industrial Zone, Quang Ngai Province.
− Area for project: 166 hectares
− Total investment: VND60,000 billion. Of which:
- Estimated fixed capital: VND50,000 billion;
- Estimated working capital: VND10,000 billion.
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No.
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Content
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Unit
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Total estimate
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1
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Total investment
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VND billion
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60,000
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Fixed capital
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VND billion
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50,000
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Of which: machinery
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VND billion
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32,000
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Capital construction
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VND billion
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3,000
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Working capital
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VND billion
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10,000
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2
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Ratio of Owner’s capital/Fixed capital
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60%
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− Project progress: divided into 02 stages:
- Stage 1: completing the construction and putting into operation in 36 months from the date of receipt of land transfer and construction license.
- Stage 2: completing the construction and putting into operation in 36 months from the finish date of Stage 1.
Board Resolutions No.02:
The Board of Directors approved a record date for collecting shareholders’ opinions in writing:
− Estimated record date: March 02, 2020
− Time of implementation: estimated from March 04, 2020 to March 23, 2020
− Content: to vote for the adjustment of Hoa Phat Dung Quat Iron and Steel Production Complex – Expansion Phase in Dung Quat Industrial Zone, Quang Ngai Province. HOSE
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