CID: Board resolution on share repurchase for Treasury stock
Construction and Infrastructure Development Joint Stock Company (HNX: CID)announces the Board resolution approved on 28/02/2011 as follows:
Share repurchase for Treasury stock:
- Number of shares registered for repurchase: 100,000 shares
- Purpose: Increase Earning per shares, increase values of Shareholders’ stocks
- Resource for repurchase: Paid-in capital
- Trading method: Acquisition through negotiation or continuous order matching
- Principle of defining price: Not over VND 12,000/share
- Authorized securities company: Sai Gon Securities Inc. – Hai Phong Branch.
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