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VRE: Approval on contracts with related parties in 2020
HOSE - 5/12/2020 4:56:00 PM
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On May 08, 2020, the Board of Directors of Vincom Retail Joint Stock Company approved contracts/transactions between Vincom Retail Joint Stock Company and related parties in 2020.

“Approving in principle, for Vincom Retail Joint Stock Company to enter any arising contracts/transactions  in 2020 with its subsidiaries, in  which  Vincom Retail Joint Stock Company  directly  or indirectly  owned more than  51%, and  with other related  parties  in  accordance  with  Vincom Retail Joint Stock Company's  charter  and  the  Law  on  Enterprise  with  the following thresholds:”

 

No.

Type of transactions

Threshold

1

Capital transfers/share transfers/project transfers/ asset purchase contracts (including deposit contracts/agreements  for the above transactions)

Less than 5% of the  total consolidated asset value of Vincom Retail Joint Stock Company at the nearest time

2

Business cooperation contracts (BCC), joint venture/partnership contracts (including deposit contracts/agreements  for the above transactions)

Less than 5% of the  total consolidated asset value of Vincom Retail Joint Stock Company at the nearest time

3

Loan/Guarantee  agreements/transactions  between Vincom Retail Joint Stock Company and its subsidiaries or related parties, and guarantee transactions between Vincom Retail Joint Stock Company

and its subsidiaries.

Less than 1%of the total consolidated asset value of Vincom Retail Joint Stock Company at the nearest time

4

Contracts/transactions  for regular business activities of Vincom Retail Joint Stock Company

Less than VND 500 billion”

 

(the translation is referenced from Vingroup)

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