Sai Gon Water Infrastructure Corporation announced the board resolution dated November 12, 2013 as follows:
Article 1: The Board of Directors (BOD) approved to resign a member of the Board of Directors in term 2011-2015 of Mr. Le Quang Phuc as from November 12, 2013 according personnel aspiration.
Article 2: The BOD approved to appoint Mr. Nguyen Hogn Son as member of the BOD.
Article 3: The BOD approved the offering of Hochiminh City Infrastructure Investment Joint Stock Company as follows:
- Name of the tender offer: Stock of Sai Gon Water Infrastructure Corporation (SII)
- Number of holding shares before the tender offer: 20,767,140 shares (51.92% of total outstanding shares of SII)
- Number of shares registered to be purchased: 5,039,400 shares (12.6% of total outstanding shares of SII)
- Bid price: VND16,400/share
- Financial resource for the tender offer: own fund
- Purpose: raising its holding
- Trading time: from 30 days to 60 days after the State Securities Commission approves the public tender offer and the Corporation discloses information.
- Agent for tender offer: Viet Thanh Securities Company.
Article 4: This resolution takes effect as from November 12, 2013.
