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IMP: Announcement of the Board Resolution _ Oct 27

Oct 30th at 16:11
30-10-2014 16:11:45+07:00

IMP: Announcement of the Board Resolution _ Oct 27

Imexpharm Corporation announced Board Resolution No.51 dated October 27, 2014 as follows:

Article 1: Approving the report on business results in Quarter III/2014 and plan for Quarter IV/2014.

Article 2: Approving the selection of strategic investors and the deployment a private placement of 10% of outstanding shares to strategic investors.

Article 3: Approving to continue the investment in Spharm Pharmaceutical Joint Stock Company in order to keep the holding ratio at 25% when Spharm issues new shares to raise funds.

Article 4: Approving to buy shares of Agrimexpharm Pharmaceutical Joint Stock Company from other partners (if any) to increase the holding ratio.

Article 5: Approving to establish a market development department of Imexpharm Corporation.

Article 6: Approving to establish and expand the distribution system in Hochiminh City, Dong Nai province and Binh Duong province.

Article 7: Approving to build a R&D Center on the land of corporate office.

Article 8: This resolution takes effect from the date of signing.

HOSE

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