According to the Board resolution dated June 15, 2020, the Board of Directors of Khang Dien House Trading and Investment Joint Stock Company approved the following issues:
1) To receive the stake transfer from members of Nam Phu Real Estate Development Co., Ltd. with a registered charter capital of VND20,000,000,000. Of which, Khang Dien House Trading and Investment Joint Stock Company owns 51%.
− Total transfer value: VND9,600,000,000 (48% charter capital of Nam Phu)
− Owning ratio of Khang Dien after receiving the transfer: 99% charter capital of Nam Phu
2) To approve a plan for raising the charter capital of Nam Phu Real Estate Development Co., Ltd. after the stake transfer above.
− To raise the charter capital of Nam Phu Real Estate Development Co., Ltd. from VND20,000,000,000 to VND100,000,000,000.
− Members will contribute more capital. Of which, Khang Dien will invest another VND79,200,000,000.
− Owning ratio of Khang Dien after raising capital: 99% charter capital of Nam Phu.