Sacom Development and Investment Corporation announced the board resolution on August 25, 2012:
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The Board of Directors approved business results and
progress of projects in the first six months of 2012, and business plan for the
last six months.
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The Board of Directors approved the report of the Board of
Supervisors about business operations in the first six months.
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The Board of Directors approved the profit from the lot on Dien Bien Phu Street.
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The Board of Directors approved to give a bonus to the
Management for ensuring the progress, quality and effectiveness of projects.
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The Board of Directors approved the CEO’s proposal for
reappointing the Management.
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The Board of Directors approved to guarantee Sacom Corporation
with a guarantee limit for short-term lending and L/C opening worth VND50
billion.
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The Board of Directors approved to purchase the stake of Sai
Gon Cable Corporation in Samland for VND9,800,000,000, equivalent to 980,000
shares (par value: VND10,000/share).
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The Board of Directors approved the plan for capital
increase of Sacom Chip Sang Company. The Board of Directors also agreed to
guarantee Sacom Chip Sang Company when Sacom Chip Sang violates the repayment
regulation at Vietcombank.
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Long-term lending limit: VND50 billion.
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Purpose: to invest in workshop, machinery, equipment of Bcis Building.
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Loan term: 07 years (84 months) from the disbursement date.
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Grace period: 01 year from the disbursement date.
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Debt collection time: 06 years (72 months)
