Ha Tien Transport Joint Stock Company announced Board Resolution No.22 on November 24, 2014 as follows:
Article 1: Approving the business result for the first nine months.
Article 2: Authorizing the CEO to choose an appropriate time to liquidate the barge 600T HT-602.
Article 3: Approving the policy for building 12 barges (1,400T).
Article 4: Approving the plan for selling treasury shares:
- Quantity of treasury shares before trading: 462,210 shares
- Latest transactions of treasury shares: there are no transactions of treasury shares over the last 12 months.
- Maximum quantity of shares estimated to sell: 462,210 shares
- Purpose: to recover funds for capital construction investment.
- Trading time: at least in Quarter 1/2015.
- Trading method: order-matching and put-through
- Price: not lower than VND16,000/share
- Agent company: Viet Capital Securities Joint Stock Company
Article 5: Approving to seek shareholders’ approval for issuing new shares to increase capital, including: (i) issuing shares to pay dividends for 2013, (ii) issuing shares to increase capital from the owner’s capital.
- Issue ratio: 30% on charter capital:
§ Issuing shares to pay dividends for 2013: 10%
§ Issuing shares to increase capital from the owner’s capital: 20%.
- Time of implementation: after the completion of sale of treasury shares.
Article 6: Approving the extension of credit limit of VND50 billion to raise the working capital for business activities in 2015.
Article 7: Members of the Board of Directors, the Directorate, Heads of departments and relating staff are responsible for implementing this resolution.
