|
SFC: The BOD’s opinion of the purchase offer
On 27 February 2010, Saigon Fuel Company (SFC) received documents of the public offer to purchase shares of Phu Nhuan Jewelry Joint Stock Company (PNJ) with the following items:
- The volume of the offer: 2,100,000 shares (26%)
- The offering price: VND48,000/share
- Up to now, PNJ currently owns 1,850,589 shares (23% of charter capital). The BOD of SFC includes 05 members with 02 members affiliated with PNJ. With 03 remaining members, the opinion of SFC’s BOD is:
- Beside the main business (Producing and trading gold and silver products and gemstone), PNJ has had experience in trading power and property. Moreover, PNJ’s business orientation after the offer is suitable for SFC’s targets in long time:
- Developing and expanding distribution system of gas, petrol over HCMC. and neighboring area
- Joining the property business with effective projects.
- Therefore, PNJ’s purchase offer will contribute in SFC’s development.
hose
|
