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CTI: BOD approves to plan of public tender offer & purchasing treasury shares

Feb 18th at 15:13
18-02-2020 15:13:56+07:00

CTI: BOD approves to plan of public tender offer & purchasing treasury shares

The Board resolution dated February 14, 2020, the Board of Directors of Cuongthuan Idico Development Investment Corporation (CTI) approved the following issues:

  1. Approving the plan for the share buyback to make its treasury shares:

-          Sock name: Cuongthuan Idico Development Investment Corporation

-          Stock code: CTI

-          Stock type: common share

-          Expected purchase volume: 18,900,000 shares (equivalent to 30% number of outstanding shares)

-          Number of treasury shares before trading: 0 share

-          Number of treasury shares after trading: 18,900,000 shares (equivalent to 30% number of outstanding shares)

-          Time of implementation: approved being by the Vietnam Securities Commission of Vietnam (SSC).

  1. Approving the plan for the public tender offer of CTI shares:

-          Sock name: Cuongthuan Idico Development Investment Corporation

-          Stock code: CTI

-          Charter capital: VND 629,999,970,000

-          Number of outstanding shares: 62,999,997 shares

-          Expected offering ratio: 18,900,000 shares (equivalent to 30% number of outstanding shares)

-          Offering price: VND 22,100/share.

  1. Approving the selection of Ho Chi Minh City Securities Corporation as the trading agent for implementing the public tender offer of CTI shares.

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