The Board resolution dated February 14, 2020, the Board of Directors of Cuongthuan Idico Development Investment Corporation (CTI) approved the following issues:
- Approving the plan for the share buyback to make its treasury shares:
- Sock name: Cuongthuan Idico Development Investment Corporation
- Stock code: CTI
- Stock type: common share
- Expected purchase volume: 18,900,000 shares (equivalent to 30% number of outstanding shares)
- Number of treasury shares before trading: 0 share
- Number of treasury shares after trading: 18,900,000 shares (equivalent to 30% number of outstanding shares)
- Time of implementation: approved being by the Vietnam Securities Commission of Vietnam (SSC).
- Approving the plan for the public tender offer of CTI shares:
- Sock name: Cuongthuan Idico Development Investment Corporation
- Stock code: CTI
- Charter capital: VND 629,999,970,000
- Number of outstanding shares: 62,999,997 shares
- Expected offering ratio: 18,900,000 shares (equivalent to 30% number of outstanding shares)
- Offering price: VND 22,100/share.
- Approving the selection of Ho Chi Minh City Securities Corporation as the trading agent for implementing the public tender offer of CTI shares.