VIP: VIPCO buys back stock
Vietnam Petroleum Transport Joint Stock Company (VIPCO) announced repurchase of shares to increase the number of treasury stock:
* Number of shares registered to buy back: 1,000,000 shares
* Number of treasury stock after trading: 1,909,540 shares (3.18%)
* Funds for the transaction: Retained Profit
* Trading method:
+ Order matching and put through
+The maximum volume bought by the company in a trading day is 10% of the volume registered and can be more than 10% of the volume traded in the trading day right before the expected trading day.
* Principle to determine price: According to Article 24 of the Securities Trading Regulations on the Hochiminh Stock Exchange, attached to Decision 124/QD-SGDHCM dated October 9, 2007.
* Trading period: from December 22, 2008 to March 20, 2009.
Hose
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