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CII: Board resolution Hochiminh City Infrastructure Investment Joint Stock Company announced Board Resolution dated June 25, 2013 as follows:
1.
The
Board of Directors defined “unshakeable development” as CII’s key objective.
Accordingly, CII will invest and exploit all the life of projects to bring
stable revenue and long term. Therefore, CII must (1) have low profits in the
coming 3 to 5 years; (2) focus resources to develop new projects, creating premise
to exploit stable source of income to next year; (3) ensure to pay principles
and interests to debt-holders in full and at due.
2.
The
Board of Directors approved to set up CII Construction via restructuring its
investment in 565 Joint Stock Company and Lu Gia Mechanical Electric Joint
Stock Company. CII will be in charge of construction for CII’s projects.
3.
The
Board of Directors approved to appoint Mr. Truong Khac Hoanh as Deputy CEO of
CII as from July 01, 2013.
4.
The
Board of Directors approved to appoint Ms. Nguyen Quynh Huong as Director of
development and capital manager project as from July 01, 2013.
5.
The
Board of Directors approved to appoint Ms. Nguyen Quynh Huong as director for project
development and capital management as from July 01, 2013.
6.
The
Board of Directors approved to borrow from a foreign bank to re finance Rach Chiec
Bridge project with
amount $ 49 million in which: the bank will lend $27 million for 03 years and
VND460 billion or $22 million for 04 years with floating interest rates.
7.
The
Board of Directors approved to amend the Company’s regulation.
HOSE
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