Hoa Phat Group Joint Stock Company announces Board Resolutions No.01 and No.02 dated February 10, 2020 as follows:
Board Resolutions No.01:
The Board of Directors approved the adjustment of Hoa Phat Dung Quat Iron and Steel Production Complex – Expansion Phase in Dung Quat Industrial Zone, Quang Ngai Province.
− Area for project: 166 hectares
− Total investment: VND60,000 billion. Of which:
- Estimated fixed capital: VND50,000 billion;
- Estimated working capital: VND10,000 billion.
|
No.
|
Content
|
Unit
|
Total estimate
|
|
1
|
Total investment
|
VND billion
|
60,000
|
|
|
Fixed capital
|
VND billion
|
50,000
|
|
|
Of which: machinery
|
VND billion
|
32,000
|
|
|
Capital construction
|
VND billion
|
3,000
|
|
|
Working capital
|
VND billion
|
10,000
|
|
2
|
Ratio of Owner’s capital/Fixed capital
|
|
60%
|
− Project progress: divided into 02 stages:
- Stage 1: completing the construction and putting into operation in 36 months from the date of receipt of land transfer and construction license.
- Stage 2: completing the construction and putting into operation in 36 months from the finish date of Stage 1.
Board Resolutions No.02:
The Board of Directors approved a record date for collecting shareholders’ opinions in writing:
− Estimated record date: March 02, 2020
− Time of implementation: estimated from March 04, 2020 to March 23, 2020
− Content: to vote for the adjustment of Hoa Phat Dung Quat Iron and Steel Production Complex – Expansion Phase in Dung Quat Industrial Zone, Quang Ngai Province.