VC9: Report on use of proceeds
Construction JSC No.9 (HNX: VC9) reports the use of proceeds in the issue to increase charter capital to VND120,000,000,000 as follows:
1. Net proceeds: VND40,113,684,000
2. Purpose of the issue:
• Supplementing working capital in order to increase financial capability.
3. Use of proceeds:
• Construction JSC No.9 has disbursed all the proceeds to pay for debts in order to decrease liabilities,minimize financial expense and increase operational efficiency.
• As of 31/12/2010, account outstanding was VND299 billion. As of 30/06/2011, account outstanding decreased by VND63 billion to VND236 billion.
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