PPG: Results of a ballot
PPG announces the results of a ballot as follows:
- Issuer: Phu Phong Corporation
- Stock code: PPG
- Results of the ballot dated 26/2/2010:
1. Agreed on Issue: “Charter capital increase to VND 80 bil and financing VND 60 bil. to a producing and processing factory:, in which:
- Agreed on the bonus share issue to outstanding shareholders (600,000 shares): 100%
- Agreed on seasoned issue to outstanding shareholders (2,000,000 shares): 100%
- Agreed on the issuance to strategic shareholders (1,200,000 shares): 100%
- Agreed on the issuance to employees (200,000 shares): 100%
2. Agreed on Issue: Authorized the BOD to implement the seasoned issue plan in pursuant to current legal laws and regulation: 100%
3. Agreed on Issue: Additional listing of the newly issued shares (4,000,000 shares): 100%
4. Agreed on Issue: Transfer the listing of PPG from HNX to HOSE: 99.969%.
hnx
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