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CII: Notice of Board resolution _ July 16, 2016 On July 16, 2016, the Board of Directors of Hochiminh City Infrastructure Investment Joint Stock Company (CII) unanimously approved the following contents:
1) The adjustment to the buying price for share buyback:
Based on the growth rate of stock market and price of CII shares during the past months as well as the negotiation with Korean Investment Fund, the Board of CII decided to raise the buying price to repurchase shares.
2) The Board approved to organize an extraordinary general meeting of shareholders to seek shareholders’ approval for the following issues:
- To extend the trading time for share buyback in order to exchange for Korean Investment Fund.
- To approve a plan for issue bonds to exchange for Korean Investment Fund.
3) The Board approved to raise CII’s holding in Vinaphil:
The Board allowed CII to purchase all shares of Vinaphil Technical Infrastructure Investment Joint Stock Company (VPII) from VPII’s shareholders. After the deal, VPII will become a subsidiary of CII, and CII will own more than 99% VPII. HOSE
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