MHL: Report on use of proceeds
Minh Huu Lien JSC (HNX: MHL) announce its Report on use of proceeds as follows:
1. Information on the seasoned issue to increase charter capital from VND20 billionss to VND39.7 billions
- Name of the issuer: Minh Huu Lien JSC
- Stock code: MHL
- Stock type: Common stock
- Par value: VND10,000
- Offering price: VND12,000/share
- Offering volume: 2,000,000 shares
- Volume sold: 1,976,350 shares
- Proceeds: VND23,716,200,000
2. Report on the use of proceeds
- Purpose of the issue: Raising capital to supplement for working capital
- Use of proceeds:
+ Supplement for working capital: VND19,763,500,000
+ Paid-in capital (VND3,952,700,000) is to be used to repurchase shares for treasury stock of the Company from August 2011 to October 2011.
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