VPG: Contributing capital to establish a subsidiary

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VPG: Contributing capital to establish a subsidiary

HOSE - 10/18/2022 6:51:00 PM

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The Board resolution dated October 17, 2022, the BOD of Viet Phat Import Export Trading Investment Joint Stock Company approved to implement the capital contribution to establish a subsidiary. Here are the specifics:

- Company name: Newland Investment Construction Joint Stock Company

- Short name: NEWLAND IC.,JSC

- Location: 11/lot 32 Vinhomes resettlement area, So Dau ward, Hong Bang district, Hai Phong, Vietnam.

- Charter capital: VND300,000,000,000 (VPG contributed VND270,000,000,000, equivalent to 27,000,000 shares, accounting for 90% charter capital of Newland Investment Construction Joint Stock Company).

- Stock volume: 30,000,000 shares

- Par value: VND10,000/share.

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