HQC: Board approves to not issue 98.75 mln shares

According to Board Resolution No.12 dated July 27, 2016, the Board of Directors of Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC) approved:

1. In fiscal year 2016, HQC will not to issue 98.75 million shares to the existing shareholders to raise its charter capital by 987.5 billion dongs as approved by the 2016 Annual General Meeting on March 26, 2016.
2. The following issues will be submitted to the nearest general meeting of shareholders for approval:

-          Not issue shares to the existing shareholders to raise HQC’s charter capital according to the resolution of the 2016 Annual General Meeting on March 26, 2016.

-          Continue to issue shares to the existing shareholders according to the resolution of the 2016 Annual General Meeting on March 26, 2016 in fiscal year 2017; or submit new plan for stock issuance based on HQC’s business performance in 2017.

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