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TPP: Board resolution
On 1/10/2008, the following resolutions of Tan Phu Plastic JSC were duly passed:
1. Seasoned issue:
¬ Purpose: To invest in machineries, equipment and workshop building in Duc Hoa, Long An; leasing right transfer of 1,400 m2 area; and workshop building in the North.
¬ Stock type: common share
¬ Par value: VND 10,000
* Placement with outstanding shareholders in the list on the record date
+ Total volume to be offered: 500,000 shares
+ Total par value to be offered: VND 5,000,000,000
+ Exercise rate: 4:1 (shareholders will have the right to buy 1 new share for every 4 shares they own.)
+ Issuing price: VND 12,000/share
+ The odd numbers of shares will be rounded to the unit digit and the Board of directors is authorized to settle the remained odd shares.
* Private placement with strategic shareholders:
+ Total volume to be offered: 1,500,000 shares
+ Total par value to be offered: VND 15,000,000,000
+ Issuing method: private placement
Institutions register to buy in Ban Viet Securities JSC. Tan Phu Plastic JSC will send invitation letter and application form to the selected strategic shareholders.
Tan Phu Plastic JSC will approve the numbers of shares for each investor: After defining the buyers, Tan Phu Plastic JSC together with VCSC allocates the number of shares for specific investors basing on the number of offering shares and number of registered shares for purchase.
The Board of directors is authorized to decide and select investors and issuing price for each investor on the basis of ensuring the maximum benefit of shareholders.
+ Issuing price: The issuing price will be higher than the price applied to outstanding shareholders and possibly lower than the trading price of the listed shares on HASTC at the time of issuing.
2. Change of titles of management board as follows:
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Old title |
New title |
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Mr. Ngo Duc Trung |
Manager |
General Manager |
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Mrs. Nguyen Thi Ly |
Deputy Manager |
Deputy General Manager |
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Mr. Ho Cong Thien |
Deputy Manager |
Deputy General Manager |
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Mrs. Thuong Thi Ngoc Tuyet |
Deputy Manager |
Deputy General Manager |
HaSTC
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