|
PNJ: Resolution of the BOD
Phu Nhuan Jewelry Joint Stock Company (PNJ) has informed of the resolution of the BOD dated 28th June 2010 as follows:
Article 1: Approving keeping investment on the Saigon Fuel Joint Stock Company (Stock code: SFC)
Article 2: Approving buying more SFC shares to raise holding rate up to 50% chartered capital of SFC from 28th June 2010.
Article 3: Approving the announcement time of bidding SFC shares from 28/6/2010 to 28/8/2010 with trading method as order matching and put through. Bidding price is decided by General Director of PNJ basing on the actual market situation.
Article 4: Authorizing Ms. Cao Thi Ngoc Dung to assign responsibilities to members of the Management Board in order to assess the market and decide bidding price to get effective investment.
The Management Board is responsible for reporting to the BOD about investment on the SFC every 6 months.
Article 5: Approving offering stakes of PNJ in the S.G Fisheries Joint Stock Company (SGFisco) from 28th June 2010. PNJ has currently held 1,729,000 shares of SGFisco at par value of VND10,000/shares, accounting for 57.63% of chartered capital of SGFisco or VND17,290,000,000. The transference price is decided by General Director of PNJ and not less than 1.2 times of par value.
Article 6: Authorizing Ms. Cao Thi Ngoc Dung to assign responsibilities to members of the Management Board to report the transference result in SGFisco to the BOD of PNJ within 15 days from the date of completing the transference regulated in Article 5.
Article 7: PNJ must comply with stipulation to do share transactions above.
Article 8: Assigning General Director Cao Thi Ngoc Dung to supervise implementation of the resolution of the BOD.
hose
|
