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KLS: The plan of private placement
Kim Long Securities Corporation announces the plan of stock private placement approved in the Board Resolution on 25/08/2008 as follows:
- Name of the issuer: Kim Long Securities Corporation
- Stock code: KLS
- Stock type: Common stock.
- Par value: VND 10,000.
- Total volume of shares to be offered: 9,636,940
- Total value of shares to be offered: VND 96,369,400,000
- Offering method : private placement (with less than 100 investors).
- Subject of the placement: individual and institutional investors including:
+ Investors who have an account in KLS with the high value of transactions
+ Service suppliers, partners and others who have been with KLS during its development.
+ Investors with good financial capacity, good prestige, experiences in investment area.
+ Investors engaged to long cooperation with KLS for the company’s development.
+ Investors with good plans and good business culture, no conflict of interests with development plans of KLS
+ Investors with good attitude in negotiation process
+ Investors who guarantee the payment as stipulated as well as the fulfillment of any conditions in the contract with KLS
+ Investors who pledge to buy at least 500,000 shares and maximum of 2,500,000 shares.
Specific subjects and number of shares to be placed with will be negotiated and decided by the Board of directors at the time of placement.
- Offering price: at least VND 22,500/share.
Specific price for specific subject will be decided at the time of placement and based on negociation with specific subjects, however, no less than book value of share on 30/06/2008.
- Time of placement: Quarter III – Quarter IV/2008.
- Plan of using the proceeds:
The expected proceeds of VND 217,000,000,000 will be used to improve the finance capacity of the Company, speed up activities in securities underwriting, and dealing.
HaSTC
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