Hung Vuong Corporation announced the board resolution dated January 11, 2013 as follows:
Article 1: To restructure Hung Vuong Corporation,
the Board of Directors approved disinvestment to reduce the Corporation’s
holding ratio to fewer than 50% at the following companies:
1. Hung Vuong Vinh Long Co., Ltd.
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Charter capital: VND60 billion
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HVG’s holding ratio before trading: 90%
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Capital transfer (sell): 58.33%
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HVG’s holding ratio after trading: 31.67%
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Transferee: Hung Vuong Mien Tay Aquaproduct Joint Stock
Company
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Transfer method: in cash
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Total value of transaction: VND 35 billion.
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Profit/ loss: VND 0.
2. Hung Vuong Sa Dec Co., Ltd.:
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Charter capital: VND60 billion
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HVG’s holding ratio before trading: 70%
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Capital transfer (sell): 58.33%
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HVG’s holding ratio after trading: 11.67%
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Transferee: Hung Vuong Mien Tay Aquaproduct Joint Stock
Company
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Transfer method: in cash
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Total value of transaction: VND 35 billion.
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Profit/ loss: VND 0.
3. An Lac Co., Ltd.:
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Charter capital: VND 42 billion
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HVG’s holding ratio before trading: 90%
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Capital transfer (sell): 90%
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HVG’s holding ratio after trading: 0%
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Transferee: Hung Vuong Mien Tay Aquaproduct Joint Stock
Company
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Transfer method: in cash
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Total value of transaction: VND 37,800,000,000.
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Profit/ loss: VND 0.
Article 2: This resolution shall take effect from
the date of signing.
