THI: BOD resolution on purchasing the treasury shares
On August 20, 2018, the Board of Directors of Electrical Equipment Joint Stock Company approved to buy 4,800,000 shares, equivalent to 9.84% of number of outstanding shares to make its treasury shares. The details are as follows:
- Number of shares registered to buy: 4,800,000 shares
- Purpose of repurchase: to stabilize THI’s stock price and bring benefits to shareholders.
- Expected trading date: within 30 days from the beginning trading date.
- Trading method: order matching or put through.
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