Corporate split announcement.
It is hereby announced that, at the meeting of the Board of Directors of Development and Policies Research Center Joint Stock company (DEPOCEN) on May 19, 2011, DEPOCEN JSC (hereinafter the "Company") resolved to implement a corporate split effective as of June 6, 2011 into the two company DEPOCEN and VIETSURVEY (hereinafter the “split companies”). The Board of the Company believes that the Corporate Split to be implemented thereafter will enhance management efficiency and competitiveness of the team after split. The Company considers the aforesaid matters as the important strategy aimed to make DEPOCEN a leading research center and VIETSURVEY a leading survey and analysis company in Vietnam. The split companies agree to jointly own DEPOCEN profile and resources since establishment dated 15 August 2005 until 31 May 2011. The ongoing projects are divided each of the split companies according to internal agreement.
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The Company
(as of June1, 2011)
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The split companies
(June 6, 2011 ) (scheduled)
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(1) Company Name
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DEPOCEN JSC
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DEPOCEN JSC
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VIETSURVEY JSC
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(2) Business
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Research,
training
Survey,
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- M&E and impact evaluation
-Statistical/ econometric modeling
-Economic and social research and analysis
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-Survey,
-Data analysis,
-Strategy and system development
-Training and education services
-economic and social research and analysis
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(3) Date of Incorporation
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August 15, 2005
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June 6, 2011 (scheduled)
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June 6, 2011 (scheduled)
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(4) Head Office
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216 Tran Quang Khai
Hanoi, VietNam
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35-37 Trang Thi,
Hanoi Vietnam
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60/36 Giang Van Minh, Hanoi, Vietnam
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(5) Title/ Name of Representative
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Nguyen Duc Nhat
Director
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Nguyen Ngoc Anh
Chairman
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Nguyen Duc Nhat
Chairman
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(6) Paid in Capital
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VND 20 billion
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VND 10 billion
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VND 10 billion
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