OGC: Policy on the capital withdrawal at Vietcom and THT

Ocean Group Joint Stock Company (OGC) announced the board resolution No.064/2015 dated October 29, 2015 as follows:

Article 1: To approve the plan for paying debts to Viptour with an amount of VND90,193,833,334.

Article 2: To use available assets to implement the debt payment:

1. The income of VND44,442,791,880 from the capital withdrawal in Lega Fashion House Project.
2. To transfer the total of 984,100 shares owned by OGC at Vietnam Computer and Communication Joint Stock Company (Vietcom), with the expected transfer value of VND48,000,000,000. 
3. In case the sources of payment from Point a and b fails due to objective reasons, the additional source of payment will be from the transfer of 3,900,00 shares owned by OGC at Viet Nam THT Development and Investment Joint Stock Company (THT) ), with the expected transfer value of VND90,000,000,000.

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