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STK: Board resolution on the establishment of joint venture Century Synthetic Fiber Corporation announced the Board resolution dated February 10, 2017:
Article 1: Joint venture:
- Company name: E.DYE Vietnam Joint Stock Company
- Short name: E.DYE Vietnam JSC
- Head office: 102-104-106 Bau Cat, ward 14, Tan Binh district, HCMC.
- Business function: Non-specialized wholesale trade (industrial code: 4690); Other retail sale not in stores, stall and markets trade (industrial code: 4799)
- Charter capital: 3,400,000 USD (equivalent to 75,140,000,000 VND)
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No.
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Shareholder
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Owning ratio
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1
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Century Synthetic Fiber Corporation
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36%
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2
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E.DYE Limited
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63%
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3
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Smartex Investments (Hong Kong) Limited
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01%
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- The Board appointed Mr. Dang Trieu Hoa as STK’s representative in the joint venture.
- The Board appointed Mr. Lee Kwok Leung as CEO cum Legal Representative of E.DYE Vietnam Joint Stock Company.
Article 2: Project: Establishment of E.DYE Vietnam Joint Stock Company:
- Project: Establishment of E.DYE Vietnam Joint Stock Company
- Location: 102-104-106 Bau Cat, ward 14, Tan Binh district, HCMC
- Total investment: 300,000 USD, equivalent to 6,630,000,000 VND.
Of which:
- Century Synthetic Fiber Corporation will contribute 108,000 USD, equivalent to 2,386,800,000 VND, accounting for 36%.
- E.DYE Limited will contribute 189,000 USD, equivalent to 4,176,900,000 VND, accounting for 63%.
- Smartex Investments (Hong Kong) Limited will contribute 3,000 USD, equivalent to 66,300,000 VND, accounting for 01%.
Operating time of project: 50 years from the date of receipt of investment registration certificate. HOSE
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