VHC: Report on a share offering
VinhHoan Corporation (HoSE: VHC) announced the result of share issuance and situation of using the proceeds:
1. Result of the issuance:
- Stock name: Stock of VinhHoan Corporation
- Stock code: VHC
- Stock type: Common stock
- Par value: VND10,000
- Total issue volume: 5,328,000 shares
- Total proceeds after the issuance: VND245,088,000,000.
2. Report on using the proceeds of the issuance:
- Purpose of using the proceeds of the issuance: All proceeds is used in restructuring the owner’s capital (Decrease in debts, increase in the owner’s capital), and increasing the VinhHoan Corporation’s working capital.
- Report on using the proceeds:
- All proceeds were used in restructuring the owner’s capital (Paying debts):
+ Total bank debts at September 30, 2009: VND817,285,075,338.
+ Total bank debts at September 30, 2009: VND428,550,525,216.
+ Total money for paying bank debts: VND388,734,550,122.
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