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HVG: Resolution on a stock buyback & the first dividend payment of 2010
On September 29, 2010, the Board of Directors of Hung Vuong Corporation (HoSE: HVG) unanimously decided:
Article 1: To buy back shares of HV CORP:
* Par value: VND10,000
* Number of treasury shares held currently: 0 share
* Number of shares registered to buy back: 3,000,000 shares (4.55%)
* Purpose: Stabilizing the market price
* Financial resource: Capital surplus, retained profit
* The first trading date: October 14, 2010
* Trading time: Within 90 days from the official trading date.
* Trading method: Order matching and put through
* Buying price: According to the market price.
* Authorized companies: Sai Gon Securities Incorporation.
Article 2: To make the first dividend payment for 20102010 in cash
* Chartered capital: VND659,980,730,000
* Exercise ratio: 10% (VND1,000/share).
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