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D2D: Board Resolution _ June 23, 2015 Industrial Urban Development JSC No.2 (D2D) announced the board resolution dated June 23, 2015 as follows:
Article 1: The Board of Directors approved to choose D.T.L Auditing Co., Ltd. to audit D2D’s financial statements in 2015.
Article 2: The Board of Directors approved to withdraw VND114 billion in subsidiary Nhon Trach 2 Concrete Structure JSC (N2C).
The subsidiary N2C has the charter capital of VND114 billion. In which, D2D contributes VND72 billion (7,200,000 shares), accounting for 63.16% charter capital of N2C.
To implement the resolution of 2015 annual general meeting, D2D will transfer the stake in N2C as follows:
- Number of shares to be transferred: 5,400,000 shares
- Transfer price: VND5,000/share
- Total transfer value: VND27 billion
- Buyer: Home World Construction Material Joint Stock Co.
- Time of payment: 04 phases and finish in September 2015.
Therefore, after the capital withdrawal, D2D will own 1,800,000 shares, equivalent to VND18 billion, accounting for 15.79% charter capital of N2C, and N2C will not be a subsidiary of D2D any longer.
Article 3: The Board of Directors approved to contribute additional capital in the project “Renovation of National Highway 91 – Km14- Km50+889”.
Article 4: This resolution shall take effect from the date of signing. HOSE
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