KBC

In the afternoon of December 13^th, 2016, the Board of Directors and the General Director Board of Kinhbac City Development Holding Corporation (KBC) hold a meeting with big shareholders, investors, securities companies, fund management companies…in purpose of sharing the successful business result, positive business news, plans, KBC’s opportunities, answering the questions and listening to the recommendation, consultation from shareholders, investors and securities companies.

The Chairman - Mr. Dang Thanh Tam, General Director  - Ms. Nguyen Thi Thu Huong and Vice Directors, Project Managers joined the meeting. There are more than 50 representatives of securities and fund management companies participating in the discussion.

Also on 12/13/2016, the Board of Directors of Kinhbac City Development Holding Corporation, be pursuant to the financial statement of the company, approved a plan to purchase common shares to make it as treasury shares. Particularly, the company is able to use 475.000.000.000 Vietnamese dongsin maximum, which is from share premium and earnings after tax (retained) to buy treasury stock according to the latest audited financial statement.

After considering, the Board of Directors approved a plan to buy treasury stock for the first time with the maximally total value of  200.000.000.000 Vietnamese dongs (Two hundred billion Vietnamese dongs). The goal is to reduce the number of outstanding shares, enhance the value for shareholders.

The Board of Directors believes that the good business result and comprehensive measures will help to boost its position, strengthen trust with shareholders, partners and investors, while helping KBC share price reflects correctly the value in order to ensure the long-term interests of shareholders.