A privatization plan for FPT Trading
At the Extraordinary Shareholders’ Meeting on July 23, FPT Corporation passed the plan of privatizing FPT Trading Co.,Ltd., and on July 30, 2009, the Management Board of FPT Corporation had a meeting and passed the detailed plan of transforming FPT Trading Co.,Ltd. into FPT Trading Joint Stock Company.
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04/08/2009
After this transformation, the charter capital of FPT Trading Joint Stock Company will be 300 billion VNDs, among which FPT will own 95% of the shares (equivalent to 285 billion VNDs).
According to the plan passed by FPT Shareholders’ Meeting and decided by FPT Management Board, the rest 5% of the shares will be issued to the officers with excellent work achievements. These shares are preferential and limited in terms of transference within 01 year counting from the issuing date.
FPT Trading Joint Stock Company will inherit all the related rights, interest and duties of FPT Trading Co.,Ltd., and will accept all regular employees of this company.
As scheduled, the transformation into FPT Trading Joint Stock Company will be completed on August 08, and this unit will officially come into operation immediately when receiving the change of business license.
