The Board of Directors (BOD) of Vietnam Technological and Commercial Joint Stock Bank (TCB) has approved a resolution regarding the plan to repurchase shares of Trade Credit Insurance Joint Stock Company (TCGIns). The objective of this buyback is to enhance operational efficiency and ensure sustainable development for both TCB and TCGIns. The BOD has outlined applicable financial strategies and authorized the executive board to proceed with the necessary steps to carry out this transaction. The resolution emphasizes the significance of this initiative in strengthening the relationship between the bank and the insurance company, thus creating added value for shareholders.
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