The Board of Directors of An Duong Thao Dien Real estate Trading Investment Joint Stock Company approved the plan for share buyback as treasury shares as follows:
- Buying volume: 5,000,000 shares, equivalent to 4.93% charter capital
- Buyback purpose: to decrease the number of outstanding shares and to increase shareholders’ interest.
- Expected trading period: Q4.2019 or Q1.2020 after being approved by the State Securities Commission of Vietnam (SSC)
- Trading method: order matching or put through.
- Expected trading price: from VND 3,000/share to VND 6,800/share.
- Trading agent: Viet Capital Securities Joint Stock Company (VCSC).