SFI: The BOD approves the transfer of a real estate project

According to Board Resolution No.01 dated January 30, 2015, the Board of Directors of Sea & Air Freight International (SAFI) approved the transfer of a real estate project:

-          Name of the real estate project: SAFI Office Building

-          Location: 209 Nguyen Van Thu, Da Kao ward, district 1, HCMC, Vietnam

-          Construction area: 447.1 m2

-          Total transfer value: the residual value according to the book value of Air Freight International at January 01, 2015: VND87,303,322,071, including the land-use right and assets attached to land as follows:

• Building: VND84,100,982,631
• Equipment: VND1,391,823,397
• Vehicles & transmission media: VND1,810,516,043.

-          Transferee: SAFI Infrastructure Investment Co., Ltd. (*), 100% owned by Sea & Air Freight International.

(*) The company name is temporarily translated.

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