Phuc Tien Trade Manufacture Joint Stock Company (PHT JSC) announced Resolution No.63 of the Board of Directors
Article 1: The Board of Directors approved the merger of Phuc Tien Trade Manufacture Joint Stock Company into Tien Len Steel Corporation Joint - Stock Company, with a conversion ratio: 01 share of Phuc Tien = 1.25 share of Tien Len.
Article 2: The Board of Directors approved to adjust the 2011 profit distribution plan which was adopted in the annual general meeting on March 24, 2012. The adjusted plan will be submitted to shareholders in the next extraordinary meeting of shareholders.
Article 3: The Board of Directors approved to issue bonus shares to key employees. This plan will be submitted to shareholders in the next extraordinary meeting of shareholders.
Article 4: The Board of Directors approved reports for the next extraordinary meeting of shareholders:
- The merger plan between Phuc Tien Trade Manufacture Joint Stock Company and Tien Len Steel Corporation Joint - Stock Company.
- The 2011 profit distribution.
Article 5: The Board of Directors approved the resignation of Mr. Nguyen Anh Hung from the Board of Directors of Phuc Tien Trade Manufacture Joint Stock Company as from April 26, 2012.
Article 6: The effective date of this resolution is April 26, 2012.
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