PTB: Decision of contributing capital for a new subsidiary

Phu Tai Joint Stock Company (Phutaico) decided to contribute capital for founding new subsidiary:

-             Subsidiary: Universal Stone Joint Stock Company (USC)

-             Capital contribution ratio: Phutaico 60%; Mr. Phan Huy Vu 15%; Mr. Nguyen Duc Trieu 15% and Mr. Kok See Bok (Malaysian) 10%.

-             Assigning Mr. Le Van Thao – Deputy CEO of Phutaico cum Director of 380 Factory to be the capital representative at USC.

 The decision is valid as of 3 July 2015.

HOSE

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