On December 11, 2018, the BOD of Hochiminh City Infrastructure Investment Joint Stock Company (CII) approved the following contents:

1. To restructure the Lu Gia Real Estate Com. Ltd to set up CII Land.
2. To transfer the land development projects for CII Land.
3. To appoint Mr. Nguyen Van Thanh, CEO of Sai Gon Water Infrastructure Corporation (SII) cum Deputy CEO of CII in charge of water environment from December 12, 2018.
4. To approve the plan for the private placement of corporate bonds (non-convertible bond, unsecured and without warrants, payment guarantee by GuarantCo. The information about bonds issuance:

-       Total value: maximum VND1,150,000,000,000

-       Term: 10 years

5. To approve the private placement plans up to 400 billion dongs of corporate bonds with some basic terms as follows:

-       Par value: VND100,000/bond

-       Offering volume: maximum 4,000,000 bonds

-       Term: 02 years

-       Time of implementation: expected in Q4.2018 and Q1.2019.