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TCL: Resolution of the Board of Directors
TanCang Logistics and Stevedoring Joint Stock Company (HoSE: TCL) announced the resolution of the Board of Directors in the 34th meeting:
Article 1: The Board of Directors approved the policy of buying shares of Tan Cang – Cai Mep Container Terminal:
Buy from 1.5 million to 2.5 million shares (Accounting for 3-5% charter capital) of Tan Cang – Cai Mep Container Terminal at VND20,000 – VND25,000/share.
Article 2: The Board of Directors approved to buy KE crane equipment:
- Buy 02 Feeder Server Container Gantry Cranes (40 tons x 35.0/18.8/16.0m) of Kock (Germany) operating in Tan Cang – Cat Lai port.
- Auction form: Nominated contractor.
- Authorize the Director to negotiate price and implement the buying in September 2010.
Article 3: The Board of Directors approved a plan and time to increase charter capital:
- Approve to ballot shareholders in writing or hold an extraordinary shareholders’ meeting on raising charter capital from VND170 billion to VND250 billion through an issuance of another 8 million shares, including: bonus shares to existing shareholders at 10% (each shareholder owning 10 shares at the record date will receive 01 new share), and 6.3 million shares to foundation shareholders and strategic partners.
- Purpose: To mobilize capital to buy 02 Container Gantry Cranes, join capital in Tan Cang – Ben Thanh Services Joint Stock Company (*) and buy stock (3-5% charter capital) of Tan Cang – Cai Mep Container Terminal.
Article 4: This resolution was adopted on August 31, 2010.
(*) temporary translation.
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