Transimex Logistics greenlights vehicle investment, related-party deals
Transimex Logistics Corporation disclosed on September 5, 2025, that its board of directors passed a resolution on September 4, 2025. The resolution approves an investment for purchasing transportation vehicles for the company and the internal audit plan.
Additionally, the board approved contracts and transactions with related parties, in compliance with Article 167 of the 2020 Enterprise Law and the company’s charter. These transactions involve Transimex Logistics and Vinaprint, a related organization. The scope includes logistics service provision, lease of premises, and property-related rights. The value of these transactions is stipulated to be less than 35% of the total asset value reported in the company's most recent financial statements.
The board of directors has delegated authority to the chairman of the board to finalize specific terms and conditions for these contracts, ensuring the company's interests are protected. The resolution became effective on the date of its signing.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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