On 02 July 2018, Vietnam Machinery Installation Corporation – Joint Stock Company announced board decision as follows:
Article 1: Approve the withdrawal of the whole of capital of the Corporation at Song Vang Hydro Power Joint Stock Company (7,978,992 shares) according to transaction methods (order matching, put through) on UPCOM with price of order matching according to contents of Documentary No. 1526/ BXD- QLDN dated 22 Jun 2018 of Ministry of Construction. Execution time (expected): In Q.III to Q.IV of 2018.
Article 2: Board of Directors assigns General Manager of the Company to direct the withdrawal of capital of the Corporation at Song Vang Hydro Power Joint Stock Company with the mentioned contents on the basis of ensuring market principle, publicity, transparency and complying with sequences and regulations of existing law.
Article 3: General Manager of the Company, Head of related departments/ units, representative of capital of the Corporation at Song Vang Hydro Power Joint Stock Company take responsibility for performing this decision.