TIE: TIE to withdraw capital at Sai Gon Indochina Real Estate

Telecommunications Industry Electronics Joint Stock Company (TIE) announced the board resolution dated January 14, 2016 as follows:

Article 1: To allow TIE to withdraw the capital contributed at Sai Gon Indochina Real Estate Corporation:

-          Selling price (minimum): VND103,241/share

-          Selling volume: 85,000 shares  (par value: VND100,000/share)

Article 2: To assign CEO Vu Quoc Vinh as the legal representative of TIE to sign an agreement of share transfer with the buyer.

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