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PVA: Board Resolution
PetroVietnam Nghe An Construction JSC announces the Board Resolution approved on 24/5/2010 as follows:
1. Establishment of PetroVietnam Transportation and Investment Company (PVTI), a joint venture among PVNC, PVCom, and Thach Khe Iron Company:
- Charter capital: VND 160 bil
- Business lines:
+ Investment, management and trading on material import export port
+ Ship trading, transportation of goods, charter service
+ Trading of petro, coal, gas, mineral material, goods
+ Construction of civil works, transportation, irrigation, hydroelectric, infrastructure of industrial zone..
+ Investment and Management of Urban area, industrial zone..
- Founding shareholders of PVTI
+ PVNC: 45% of charter capital: VND 72 bil
+ PVCom: 35% of charter capital: VND 56 bil
+ Thach khe Iron Company: 20% of charter capital: VND 32 bil
- Capital contribution timeline:
+ Phase 1: in 2010: VND 80 bil
+ Phase 2: in 2011: VND 80 bil
- Representatives of PVNC in PVTI:
+ Mr. Nguyen Ngoc Bang: represents 25% of charter capital of PVTI, chair of the Board of PVTI
+ Mr. Phan Hai Trieu: represents 20% of charter capital of PVTI, Director of PVTI
2. Approve on List of employees and strategic partners enjoyed the seasoned issue:
- List of employees:
+ Total volume of shares to be issued: 500,000 shares
+ Offering price: VND 10,000 /share
+ Total value of shares to be issued: VND 5 bil
- List of strategic partners:
+ Total volume of shares to be issued: 17,500,000 shares
+ Offering price: VND 12,000 /share
+ Total value of shares to be issued: VND 210 bil, in which:
i. Vietnam Investment partners Ltd: 5 mil shares
ii. VIP LLC: 1 mil shares
iii. PetroVietnam Securities Corporation: 1,8 mil shares
iv. PDIC: 2,2 mil shares
v. Sai gon Hanoi securities Corporation: 5 mil shares
vi. PVC: 1,5 mil shares
vii. Thang long Securities Company: 1 mil shares.
hnx
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