VINGROUP JOINT STOCK COMPANY
RESOLUTION OF THE BOARD OF MANAGEMENT
OF VINGROUP JOINT STOCK COMPANY
(Re: Disclosure regarding the transfers of capital contributions in subsidiaries)
Article 1: To transfer capital contributions in subsidiaries
For the purpose of reorganization of Vingroup’s ownership in its subsidiaries, Vingroup has made the following transfers of capital contributions in the following subsidiaries as below:
1. VinDS Trading and Services LLC
- Amount of capital contribution to be transferred: VND 210,000,000,000 (in words: two hundred and ten billion Vietnamese dongs), accounting for 70% of the charter capital of VinDS Trading and Services LLC
- The transferee: Hanoi Southern City Development Joint Stock Company
2. VinMart Supermarket Joint Stock Company
- Amount of capital contribution to be transferred: VND 488,040,000,000 billion (in words: four hundred and eighty-eight billion forty million Vietnamese dongs), accounting for 69.51% of the charter capital of VinMart Supermarket Joint Stock Company
- The transferee: Tan Lien Phat Construction Investment Corporation
3. VinMart+ Joint Stock Company
- Amount of capital contribution to be transferred: VND 69,510,000,000 (in words: sixty-nine billion, five hundred and ten million Vietnamese dongs), accounting for 69.51% of charter capital of VinMart+ Joint Stock Company
- The transferee: Tan Lien Phat Construction Investment Corporation
Upon completion of the above-mentioned transfers, Vingroup continues to maintain indirect ownership and control over these companies through the transferees, which are also subsidiaries of Vingroup.
Article 2: Effective date
This Resolution is effective on the date of signing.
The Executive Committee and relevant departments are responsible for implementation.
FOR AND ON BEHALF OF THE BOARD
CHAIRMAN
(signed & sealed)
PHAM NHAT VUONG
About Vingroup
The Company and its subsidiaries (the "Group"), with a market capitalization of USD3.3 billion as of 30 November 2015, are the largest listed developer and manager of real estate, hospitality and entertainment properties in Vietnam. The Group has a diversified portfolio across six business segments: Property, Hospitality and Entertainment, Consumer Retail, Healthcare, Education, and Agricultural Products. Property brands include Vinhomes luxury apartments and villas, and Vincom quality shopping malls and offices. The Hospitality and Entertainment segment comprise 5-star Vinpearl Hotels & Resorts, Vinpearl Land amusement parks and family entertainment centers, Vinpearl Golf Club, Vincharm spas, and Almaz culinary and convention center. Consumer Retail includes VinMart supermarkets and convenience stores, VinPro electronics and appliance stores, VinDS, and Adayroi e-commerce. The remaining business segments target social and infrastructure services and include Vinmec quality healthcare, Vinschool, and VinEco agricultural products.
The Group’s complementary products and services are aimed “to create a better life for the Vietnamese people.”
Vingroup was listed on the HOSE on 07 September 2007.
More information on the Group can be found at www.vingroup.net.
Issued by: Vingroup Joint Stock Company (VIC), No.: 75/2015/NQ-HDQT-VINGROUP
Date: 07 December 2015
| For enquiries, please contact Vingroup JSC Vinhomes Riverside Eco-Urban Area Viet Hung Ward, Long Bien District, Hanoi, Vietnam
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