HTP: Report on use of proceeds
Hoaphat Textbook Printing JSC (HNX: HTP) reports the use of proceeds in the issue approved by the SSC on 03/08/2010 as follows:
1. Purpose of the issue:
- Capital contribution with Life Investment JSC to invest in high quality Schools of Sky Line according to international standards with total capital of VND 25 billion
- Buying land for enterprises in Da Nang Province at preferential price to expand operation of the company with total capital of VND 7 billion
- To invest in equipment and supplementary of working capital
2. Information on the issue:
- Number of shares to be issued: 3,642,600 shares
- Issue price: VND 10,000 per share
- Total expected amount of capital: VND 36,426,000,000
- Number of shares issued: 544,980 shares
- Net proceeds: VND 5,449,800,000
- The company has been using the capital to invest in equipment and supplementary of working capital.
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