NDN: Board Resolution on sale of treasury shares
Danang Housing Investment Development JSC (HNX: NDN) announced Board Resolution approved on sale of treasury shares as follows:
1. The Board agreed to cancel the sale plan of treasury share to the Company’s key staff due to the distribution cannot be performed early and rapid recovery of working capital for the company
2. The Board agreed to sale out treasury share to the stock market with details mentioned below:
- Stock code: NDN
- Par value: VND 10,000
- Number of treasury shares held: 500,000 shares
- Number of treasury shares to be disposed: 500,000 shares
- Purpose: SUPPLEMENTING working capital
- Tender price: market price
- Expected Start date of transaction: 13/12/2011
- Expected End date of transaction: 07/03/2012
- Trading method: Negotiation and continuous order matching
- Authorized securities company: Da Nang Securities JSC
- Account for transaction: 024C010099
3. The Board agreed to authorize the General Manager to carry out the sale of treasury shares to the market and complete the relevant procedures.
HNX
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