Construction Joint Stock Company 47 (C47) hereby discloses information regarding the Resolution of the Board of Directors on “approving the policy to increase the share ownership ratio of foreign investors at C47 to a maximum of 49%” on the basis of fully satisfying all conditions as prescribed by applicable laws.
The Resolution was adopted by the Board of Directors on April 21, 2026 and serves as the basis for the Company to implement necessary legal procedures in accordance with regulations.
Key Contents of the Resolution
- The Board of Directors approves the policy to increase the foreign ownership ratio in Construction Joint Stock Company 47 (C47) to a maximum of 49% of the charter capital.
- The opening of the foreign ownership limit shall be implemented in full compliance with applicable legal regulations.
- The General Director – the legal representative of the Company – is assigned to take the lead in organizing and implementing all related tasks to determine, register, and open the foreign ownership ratio at the Company up to 49% of charter capital in accordance with the law.
Implementation Arrangement
According to the attached Resolution, the General Director – the legal representative of the Company – is responsible for presiding over and organizing the implementation of all tasks related to reviewing legal conditions, preparing dossiers, and carrying out necessary procedures for the process of opening the foreign ownership limit at C47.
- Represent the Company in signing relevant documents, dossiers, papers, and records in accordance with legal regulations within the assigned scope of work to serve the process of opening the foreign ownership limit at the Company;
- Direct relevant departments and units to coordinate in providing documents, information, and implementing necessary tasks for the execution process;
- Report to and seek opinions from the Board of Directors on matters beyond authority or significant arising issues;
- Organize the implementation of subsequent procedures after obtaining approval from competent authorities and report the results to the Board of Directors.
Effectiveness
Resolution No. 36/2026/NQ-HĐQT was adopted by the Board of Directors on April 21, 2026.
This information is published on the Company’s website on April 21, 2026 under the Investor Relations section. Construction Joint Stock Company 47 respectfully discloses this information to shareholders, investors, and relevant parties.
C47