CII: Adding content to the 2010 extraordinary shareholders’ meeting
Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) has announced content added to the 2010 extraordinary shareholders’ meeting on August 18, 2010 as follows:
* Content: Issuing convertible bond for Ho Chi Minh City Finance and Investment State owned Company – HFIC
* Issuer: Ho Chi Minh City Infrastructure Investment Joint Stock Company
* Total value of the issue: 71,079,000,000 dongs
* Conversion price: 43,500 dongs/share
* Bond interest: 13%/year (unit: VND)
* Term: 05 years. (1) HFIC is allowed to transfer a park of or whole bonds as from the second year onwards; (2) from the third year, HFIC is allowed to ask CII to buy back bonds (after a 06 months notice); buying-back price is price which HFIC invested in CII.
* Suggesting the shareholders’ meeting authorizes the BOD to negotiate with HFIC with 02 conditions: (1) the conversion price is not under 43,500 dongs / share and (2) conversion interest is not over 13% / year (unit: VND).
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