CTI: Document for seeking shareholders’ approval

Cuongthuan Idico Development Investment Corporation announces the document dated January 22, 2020 to seek shareholders’ approval for new share buyback and public tender offer as follows:

1. Share buyback:

−      Stock code: CTI

−      Stock type: common stock

−      Estimated buying volume: 18,900,000 shares (equivalent to 30% of total outstanding shares)

−      Buying price: the buying price will be decided by the Board of Directors

−      Trading time: in 2020

−      Financial resource: the capital surplus, investment development fund and undistributed profit.

2. Public tender offer for the shares of Cuongthuan Idico Development Investment Corporation:

−      Target company: Cuongthuan Idico Development Investment Corporation

−      Stock code: CTI

−      Charter capital: VND629,999,970,000

−      Outstanding volume: 62,999,997 shares

−      Estimated buying volume: 18,900,000 shares (equivalent to 30% of total outstanding shares)

−      Buying price: the buying price will be decided by the Board of Directors

−      Trading time: in 2020. 

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