VRE: Approval on contracts with related parties in 2020
On May 08, 2020, the Board of Directors of Vincom Retail Joint Stock Company approved contracts/transactions between Vincom Retail Joint Stock Company and related parties in 2020.
“Approving in principle, for Vincom Retail Joint Stock Company to enter any arising contracts/transactions in 2020 with its subsidiaries, in which Vincom Retail Joint Stock Company directly or indirectly owned more than 51%, and with other related parties in accordance with Vincom Retail Joint Stock Company's charter and the Law on Enterprise with the following thresholds:”
No.
Type of transactions
Threshold
1
Capital transfers/share transfers/project transfers/ asset purchase contracts (including deposit contracts/agreements for the above transactions)
Less than 5% of the total consolidated asset value of Vincom Retail Joint Stock Company at the nearest time
2
Business cooperation contracts (BCC), joint venture/partnership contracts (including deposit contracts/agreements for the above transactions)
3
Loan/Guarantee agreements/transactions between Vincom Retail Joint Stock Company and its subsidiaries or related parties, and guarantee transactions between Vincom Retail Joint Stock Company
and its subsidiaries.
Less than 1%of the total consolidated asset value of Vincom Retail Joint Stock Company at the nearest time
4
Contracts/transactions for regular business activities of Vincom Retail Joint Stock Company
Less than VND 500 billion”
(the translation is referenced from Vingroup)
HOSE
> VSN: Board resolution (12/05/2020)
> VPR: Board Resolution (12/05/2020)
> VET: Board Resolution (12/05/2020)
> VLC: Board resolution (12/05/2020)
> VPC: Board Resolution (12/05/2020)
> VDM: Board Resolution (12/05/2020)
> UPC: Board resolution (12/05/2020)
> KTC: Selection of Auditor for Fiscal year 2020 (12/05/2020)
> FPTS: Record date for implementing rights (12/05/2020)
> VCSC: BOD approved the credit limit at Bank SinoPac (12/05/2020)
