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SAM: Board resolution on not buying STL shares

Aug 13th at 16:50
13-08-2020 16:50:18+07:00

SAM: Board resolution on not buying STL shares

On August 05, 2020, the Board of Directors of SAM Holdings Corporation (SAM) decided not to exercise the rights to buy 49,850,000 shares of Sacom Tuyen Lam Joint Stock Company (STL), which were issued to raise capital to VND1,400,000,000,000.

The Board authorized the Board of Directors of STL to select another partner to offer the shares. Therefore, the ownership ratio of SAM Holdings Corporation in Sacom Tuyen Lam Joint Stock Company after the share issue will be decreased from 99.75% to 64.00%.

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