Hoa Binh Rubber Joint Stock Company (HORUCO) announced the board resolution dated December 16, 2013 as follows:
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The Board of Directors approved the first liquidation sale
of 2014 with an area of 435.7856 hectares and the number of rubber trees in the
liquidation sale of 138,977 trees.
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The Board of Directors also approved the rubber timber and
firewood volume in the liquidation sale as follows:
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Timber volume: 41,995 Ster
+
Firewood volume: 33,543 Ster
+
Beginning value: VND46,395,638,026
+
Average price unit: timber: VND900,000/ster; firewood:
VND250,000/ster; small tree: VND50,000/tree.
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The Board of Directors decided the beginning prices for
auction.
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Average price unit: timber: VND900,000/ster; firewood:
VND250,000/ster; small tree: VND50,000/tree. Average price per tree:
VND324,211/tree; average price per hectare: VND104,819,809/hectare.
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Time for the auction: late December 2013.
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Auction organizer: The Auction Service Center of Ba Ria – Vung Tau
Province.
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The Board of Directors approved to sell 300.9697 hectares to
the firms belonging to the Vietnam Rubber Group:
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Rubber Industry & Import- Export Joint Stock Company (Rubico):
71.5839 ha
+
Thuan An Wood Processing Joint Stock Company: 73.2215 ha
+
Rubber Construction Investment Joint Stock Company
(RCI): 53.9361 ha
+
Tay Ninh Furniture:
53.9936 ha
+
VRG Dongwha MDF: 50.2346 ha.
