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Friday, 09/10/2020 16:53

GEX: Result of the public tender offer for VGC shares

Viet Nam Electrical Equipment Joint Stock Corporation (“GELEX”) reports the result of the public tender offer for VGC shares as follows:

-        Buyer: Viet Nam Electrical Equipment Joint Stock Corporation (HOSE: GEX)

-        Target company: Viglacera Corporation - JSC (HOSE: VGC)

-        Number of owning shares before trading: 111,927,600 shares (24.96% of VGC’s outstanding volume)

Of which:

  • Number of shares owned by Viet Nam Electrical Equipment Joint Stock Corporation: 24,827,600 shares (5.54%);
  • Number of shares owned by Gelex Electrical Equipment Joint Stock Company: 87,100,000 shares (19.43%)

-        Number of shares expected for purchase: 95,000,000 shares (21.19%)

-        Number of bought shares: 94,610,460 shares (21.1% of VGC’s outstanding volume)

-        Number of owning shares after trading: 206,538,060 shares (46.07% of VGC’s outstanding volume)

Of which:

  • Number of shares owned by Viet Nam Electrical Equipment Joint Stock Corporation: 119,438,060 shares (26.64%);

Number of shares owned by Gelex Electrical Equipment Joint Stock Company: 87,100,000 shares (19.43%). 

HOSE

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