Resolution no. 17-10/2015 of board of Directors of The Pan Group

The Pan Group (PAN) announced the resolution no. 17-10/2015/NQ-HDQT of board of Directors of The Pan Group

Pursuant to:

-        Enterprise Law 2015 approved by the National Assembly on 01/07/2015;

-        Company’s Charter of The PAN Group (“the Company”) on 25/08/2015;

-        Securities Law No. 70/2006/QH11 approved by the 11th National Assembly of Socialist Republic of Vietnam on 29/06/2006;

-        Meeting Minute No.      /2015/BBH-HĐQT on 01 October 2015 of the Board of Directors; 

DECIDES

Item 1. Approval of the establishment of PAN Retail JSC. with the following preliminary details:

Name in Vietnamese: Công Ty Cổ Phần Bán Lẻ PAN
Name in English: PAN Retail JSC.
Headquarter: 236/43/2 Điện Biên Phủ, Ward 17, Bình Thạnh District, Hồ Chí Minh City
Initial charter capital: VND 200 billion
Founding shareholders: The PAN Group; Ms. Nguyễn Thị Hồng Hải; Ms. Nguyễn Thái Hạnh Linh
Capital Contribution:
  • The PAN Group contributes 199,900,000,000 VND,  equivalent to 99.95% ownership stake
  • Ms. Nguyễn Thị Hồng Hải contributes 50,000,000 VND, equivalent to 0.025% ownership stake
  • Ms. Nguyễn Thái Hạnh Linh contributes 50,000,000 VND, equivalent to 0.025% ownership stake
Capital contribution method: in cash and/ or other assets, including stocks
PAN’s capital representative at PAN Retail: Mr. Nguyễn Duy Hưng
Legal representative: Mr. Nguyễn Duy Hưng – Chairman
Detailed business lines: decided by the Chairman based on the business model approved by BOD

Item 2. To authorize the Chairman of the BOD to decide the specific business lines of PAN Retail JSC. Based on the business model approved by the BOD; sign and approve the related documents and manage the execution of necessary procedures to establish PAN Retail JSC.
Item 3. To authorize the Management team to research and propose the detailed business model to submit for BOD’s approval.
Item 4. This Resolution shall take effect from the date of signing. The Board of Directors and related individuals are responsible for implementing this Resolution.

 

Please download the file attached:

vEN_Resolution_2015_17_Establishment of PAN Retail.pdf




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