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CNT: Resolution of Shareholders’ Meeting
Construction and Materials Trading Joint Stock Company (CNT) announced a resolution of the Shareholders’ Meeting held under the form of sending ballots to shareholders:
Article 1: Approving the plan of 2,000,000 shares to the existing shareholders.
- Purpose: To raise funds for Project C&T Plaza in An Phu Ward, Dist.2, Hochiminh.
- Expected distribution time: after the State Securities Commission grants an offering certificate.
+ Exercise ratio: 4:1
Each shareholder holding one share at the record date will receive one right. Every four rights is equivalent to one new share. The rights are transferable, but made only once. The new shares are also transferable.
- The volume distributed to the existing shareholders will be rounded down. The volume refused to buy will be decided by the Board of Directors.
- Issue price: Decided by the Board of Directors.
Article 2: All of 2,000,000 new shares will be listed on the Hochiminh Stock Exchange.
Article 3: Authorizing the Board of Directors to decide an issue price, distribute the fractional parts and undistributed shares at the price not less than the one issued to the existing shareholders and fulfill procedures.
Article 4: The resolution will become effective from the date of its signing, 20 July 2009.
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