TCD: Resolution on the divestment in Tapiotek JSC
Transport and Industry Development Investment Joint Stock Company (stock code: TCD) announces the Board resolution dated July 27, 2020 as follows:
The Board of Directors approved the divestment in Tapiotek Joint Stock Company in order to recover capital.
- Number of transferred shares: 1,400,000 shares (70% of Tapiotek Joint Stock Company)
- Transferee: Tracodi Trading and Consulting Joint Stock Company
- Transfer price: no more than the initial investment value
- Trading date: in July or August 2020.