FCN: Setting up a subsidiary

FECON Corporation has set up a subsidiary as follows:

1)    Name of the subsidiary: Fecon South Joint Stock Company.

-        Address: Floor 6, Hai Au building, 39B Truong Son Street, HCM City.

-        Charter capital: VND50,800,000,000 (FECON Corporation contributed 93.2% of the charter capital).

2)    FECON Corporation has signed an auditing contract with Viet Nam Auditing Partnership Company (CPA Viet Nam) to audit its financial statements in 2016.

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