40 Investment and Construction board approves land asset transfer

The board of directors of 40 Investment and Construction Joint Stock Company (L40) passed a resolution on October 24, 2025, to cancel a prior transfer contract and approve the sale of land-attached assets at 292 Cach Mang Thang 8 Street, Binh Thuy Ward, Can Tho City. This decision follows a request from Mr. Bui Trung Thu, who was involved in the previous contract. The assets for transfer include an office building, dining hall, and guesthouse, with a minimum transfer price set at VND 3,500,000,000, excluding VAT.

Mr. Nguyen Van Son, deputy general director and legal representative of the company, has been authorized to negotiate, sign all necessary documents, and execute the transfer contract. He holds full authority to decide on the transaction’s content and use the company's seal in the process.

The resolution, which takes immediate effect from the date of signing, was unanimously approved by all participating board members. It mandates all members of the board of directors, supervisory board, general directorate, and relevant individuals to implement its provisions.