Monday, 06/07/2020 16:07

GEX: Board approves the public tender offer for VGC shares

On June 30, 2020, the Board of Directors of Viet Nam Electrical Equipment Joint Stock Corporation (GELEX) approved the plan for public tender offer for the shares of Viglacera Corporation - JSC (stock code: VGC) as follows:

1)      Target company: Viglacera Corporation – JSC (stock code: VGC)

2)      Number of VGC shares owned by GELEX and its member company GELEX Electric Equipment JSC before trading: 11,927,600 shares (24.96% of VGC’s charter capital)

3)      Number of VGC shares expected for purchase: 95,000,000 shares (21.19% of VGC’s charter capital)

4)      Number of VGC shares owned by GELEX and its member company GELEX Electric Equipment JSC after trading: 206,927,600 shares (46.15% of VGC’s charter capital)

5)      Trading time: within 30 days to 60 days after the State Securities Commission approves the public tender offer and GELEX discloses information under the laws.

HOSE

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