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UIC: Board resolution on a financial restructuring plan On November 22, 2021, the Board of Directors of Idico Urban and House Development Investment Joint Stock Company unanimously approved a financial restructuring plan as follows:
1) To complete the execution of contracts under construction and installation; terminate contracts and recover capital, not to sign more construction contracts (except the construction contracts for the Company’s works or works adopted by the Board of Directors).
2) To propose solutions to recover debts.
3) To liquidate an asset (hydraulic excavator).
4) To approve the plan for the divestment from LAMA-IDICO.
5) To request IDICO-URBIZ to transfer the electricity supply segment of IDICO-URBIZ Social Housing Project to local electricity to sell electricity directly to consumers.
6) To prepare a plan to increase the Company’s charter capital to invest in TBA Huu Thanh Industrial Park Project. HOSE
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