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SDH: Board Resolution
Song Da Infrastructure Construction JSC announces the Board Resolution approved on 13/11/2009 as follows:
1. Cancel of seasoned issue to strategic shareholders with total volume of 2,825,000 shares.
2. Seasoned issue to increase charter capital, issuance of corporate bond or project bond to raise funds for investment projects:
2.1 Seasoned issue to increase charter capital
- Increase charter capital from VND 51.75 bil to VND 209.50 bil.
- Stock type: Common stock
- Par value: VND 10,000
- Total volume of share issued: 15,775,000 shares
- Total par value of share issued: VND 157,750,000,000
- Expected exercise date: 2010
- Subject of the placement:
· Placement to outstanding shareholders:
- Total volume of share issued: 15,525,000 shares
- Ex-rate: 1:3
- Offering price: VND 15,000/share
· Placement to employees:
- Total volume of share issued: 250,000 shares
- Offering price: VND 15,000/share
2.2 Issuance of corporate bond or project bond with total value of VND 200 bil to VND300 bil.
3. Amendment of Charter capital and Business Certificate.
4. BOD is authorized to approve investment projects and contracts relating to the following projects:
- Yen Phong II Bac Ninh Industrial Zone, Urban area Project
- Office and service buildings Project at Trung Kinh, Cau Giay, Ha noi
- Professional training Center Project at Phu Dien, Hanoi
- 24h service – Non Stop City Project, Quoc Oai, Hanoi
- Project of investment in improvement of infrastructure and basement processing machinery
- Other real estate projects.
5. BOD is also authorized to develop detail issuing plans, dealing of odd and unsold shares (if any), take necessary steps to additional listing in HNX and depository. Selection of advisory partner: Kim Long Securities Company.
6. Approval of business plan of the period 2010-2015
HNX
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