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VCG: Paying the State’s equity to the Central enterprise restructure fund
Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) announces the payment to the State’s equity to the Central enterprise restructure fund as follows:
Following the direction of the Prime Minister to settle fiancial problem after privatization of Vietnam Construction and Import-Export Joint Stock Corporation, Minister of Finance asked Vinaconex to pay all the share premium from IPO to the Central enterprise restructure fund immediately in August, 2009.
Vinaconex always affirmed that all the share premium belongs to the State. In the past time, it support much to operation of the corporation. The corporation achieved high operating results, bringing huge benefit to shareholders, including the State shareholder. Up to this time, it is reasonable for the State to co-ordinate this share premium.
On 19/8/2009, The Board of Director of Vinaconex decided to pay the amount right in August, 2009 and asked for help from principal, strategic shareholders.
On 31/8/2009, the corporation paid VND 890,955,572,368 to the Central enterprise restructure fund. Vinaconex 1 and Vinaconex 2 also fulfilled their obligations according to the direction of the Prime Minister and decision of the Minister of Finance.
On this occasion, the Management Board is grateful to founding, strategic, principal shareholders for their financial support. This is understood a strong commitment of the State shareholder to use of share premium to reinvest in Vinaconex, first of all in the increase of charter capital to VND 3,000 bil.
hnx
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