The Board resolution dated September 12, 2019, the Board of Directors of Landmark Holding Joint Stock Company (LMH) approved to reduce the charter capital from VND100 billion down to VND30 billion for Landmark Energy Joint Stock Company (LME). Details are as follows:
Content
Initial stake
Current stake
Charter capital
VND100 billion
VND30 billion
Ratio of stake of LMH in LME
70%
Stock volume
7,000,000 shares
2,100,000 shares
Total value (based on par value)
VND70 billion
VND21 billion
- Purpose: to restructure the LME’s business activities.
- To appoint Mr. Doan The Linh as the representative of stake of Landmark Holding Joint Stock Company in Landmark Energy Joint Stock Company.