Asia - Pacific Investment board approves significant related-party transactions

Asia - Pacific Investment Joint Stock Company (API) announced on December 25, 2025, the approval of Resolution No. 28/2025/NQ-HĐQT by its board of directors. This resolution sanctions the signing of loan and transaction contracts between API and related parties, specifically IDJ Vietnam Investment Joint Stock Company and VTRRIA Telecommunications Joint Stock Company.

The approved transactions include a VND 20,000,000,000 transaction with IDJ Vietnam Investment Joint Stock Company and a VND 50,000,000,000 transaction with VTRRIA Telecommunications Joint Stock Company. The total value of these related-party transactions amounts to VND 70,000,000,000.

The board's resolution, effective from its signing date of December 24, 2025, grants the general director the authority to determine specific terms and conditions, and to implement, extend, amend, or liquidate these contracts in accordance with legal regulations and the company's internal policies.