VID: VIDON receives the share transfer from Toan Luc

On December 26, 2014, the Board of Directors of Vien Dong Investment Development Trading Corporation (VIDON Corp) unanimously approved the following issues:

1.       VIDON Corp will receive 1,824,000 shares of Toan Luc Paper Joint Stock Company from Toan Luc Trading Joint Stock Company (Toan Luc Co.), at a transfer price of VND19,500/share, with the total transfer value of VND35,568,000,000. 

2.       The total transfer value of VND35,568,000,000 will be used to pay the debt (in financial year 2014) between Toan Luc Co. and VIDON Corp.

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