|
SAM: Resolution of the Board of Directors
The BOD of Cables and Telecommunications Material Joint Stock Company (SACOM) unanimously approved the following issues:
1. The BOD recorded the reports from the Director General.
2. About the investment project in Hai Phong Industrial Zone Joint Stock Company:
The Board of Directors agreed to withdraw funds from Project Hai Phong Industrial Zone.
3. About dissolving Sapasco:
The Board of Directors approved to dissolve Sapasco and take back Sacom’s contributed capital.
4. About investment in Project Hai Au Plaza of Hiep Phu Joint Stock Company at Km 9, Hanoi Highway, Hiep Phu, District 9, Hochiminh:
The Board of Directors agreed to buy 40% of shares of Hiep Phu Joint Stock Company. The purchase price does not include total expenses before Sacom buys those shares.
5. About the establishment of Sacom-Resort Da Lat Joint Stock Company:
The Board of Directors was unanimous:
Company name: SACOM – TUYENLAM CORPORATION
Expected charter capita: VND500 billion
Charter capital: VND500 billion
Total shares: 50,000,000 (par value: VND10,000/share)
Head office: 10B Hoang Van Thu, Ward 4, Da Lat, Lam Dong.
Life-span: 50 years
6. About the change of company name according to current business operations:
The Board of Directors authorized the Management to effectuate the change but still ensure trade name SACOM in new name. The change will be voted by the company’s shareholders.
7. The Board of Directors suggested banks to issue a US$10,000,000 credit limit for purposes: borrowing; auction underwriting; contract underwriting; product warranty insurance; and L/C for importing materials.
8. The Board of Directors was unanimous that the dividend ratio for the first payment of 2009 would be 10% and payment time in early November 2009.
9. Implementation of the Resolution:
The Board of Directors authorized the Directorate and relating departments to execute the resolution.
hose
|
