The Board resolution dated September 22, 2021, the Board of Directors of Louis Capital Joint Stock Company approved the adjustment of the business cooperation method of Angimex’s Long Xuyen Cultural House Project with details as follows:

1)      Investment value:

-          Total value of investment: VND1,452,000,000,000; in which the winning land value: VND224,340,000,000.

-          Estimated investment capital:

+ Self-financing: VND450,000,000,000

+ Loan and other capital: VND1,002,000,000,000.

2)      Investment form:

The adjustment of the business cooperation method as follows:

-          An Giang Import - Export Company (AGM): VND50 billion, accounting for 11.1 % of contribution capital;

-          Louis Capital Joint Stock Company (TGG): VND50 billion, accounting for 11.1% of contribution capital;

-          Louis Land Joint Stock Company (BII): VND175 billion, accounting for 38.9% of contribution capital.

-          Thu Duc Housing Development Corporation (TDH): VND175 billion, accounting for 38.9% of contribution capital.

-                      Investment form: including 02 phases:

+ Phase 1: TGG, BII, TDH will sign agreements with AGM to pay for the winning land transfer.

+ Phase 2: After the procedures for land transfer and application for a construction permit are completed, a joint stock company will be established to manage and implement the project.