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DXG: The BOD approves to buyback stock from employees
On March 12, 2011, the Board of Directors of Dat Xanh Real Estate Service & Constructions Corporation (HOSE: DXG) unanimously approved to repurchase stock from the employees who left the Company before the end of their terms:
1. Repurchase of 23,920 shares from the following persons:
- Mr. Bui Van Vinh: 1,040 shares
- Mr. Nguyen Huy Vu: 860 shares
- Ms. Nguyen Vu Nhi: 1,210 shares
- Ms. Nguyen Thi Ngoc Bao: 1,040 shares
- Mr. Pham Nguyen Cat: 12,440 shares
- Mr. Pham Van Hung: 2,590 shares
- Mr. Tran Minh Nhat: 1,380 shares
- Tran The Bao: 1,810 shares
- Tran Thi Hong Gam: 1,550 shares
2. Purpose: To repurchase stock for treasury stock from the employees who left the Company before the end of their terms according to Resolution of the shareholders’ meeting No.01/2010/NQ-DHDCD on March 12, 2010.
3. Financial resource for the share buyback: The owner’s capital, capital surplus or retained profit until December 31, 2010.
4. Expected trading time: Within 90 days from the day when the Hochiminh Stock Exchange approves.
5. Trading method: Out of the trading floor.
6. Buying price: VND15,000/share
7. The securities company authorized to execute the buying: Viet Dragon Securities Corporation.
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