Friday, 06/03/2020 10:56

CTI: BOD resolution on share buyback

The Board resolution dated March 04, 2020, the Board of Directors of Cuongthuan Idico Development Investment Corporation approved to plan the share buyback as treasury shares as follows:

-       Number of registered shares to repurchase: 15,700,000 shares, equivalent to 24.92% number of outstanding shares

-       Purpose: to buy shares to make its treasury shares, to reduce the number of outstanding shares and to increase shareholders’ interest.

-       Trading method: order matching or put through

-       Purchase price: according to the transaction regulation at HOSE

-       Time of implementation: within 30 days after being approved by the State Securities Commission of Vietnam (SSC).

HOSE

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