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SNG: Board Resolution
Song Da 10 JSC announces the Board Resolution approved on 16/11/2009 as follows:
1. Operating results of the first 9 months 2009:
- Total revenue: VND 128 bil.
- Profit: VND 18.7 bil.
- Profit/charter capital: 98%
2. QIV/2009 plan:
- Revenue: VND 48.2 billion
- Profit: VND 5 billion
3. Share issue plan to increase charter capital from VND 19 bil. to VND 45 bil.
- Stock code: SNG
- Stock type: Common stock.
- Par value: VND 10,000.
- Total volume of shares to be offered: 2,600,000 shares
Stage 1:
* Placement with outstanding shareholders:
- Offering volume: 1,900,000 shares
- Exercise rate: 1:1 (shareholders are entitled to buy 1 new share for every 1 share they own)
- Offering price: VND10,000/share
* Placement with staff
- Offering volume: 95,000 shares
- Offering price: VND15,000/share
Stage 2: Placement with other shareholders
- Private placement with other investors
- Offering price: At least 80% of average share price of 5 consecutive trading sessions at the issuing time, however, no less than VND 32,000/share.
- Purpose: Investment and supplementing working capital
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