|
JVC: Resolution of the BOD
Japan Vietnam Medical Instrument JSC (HOSE: JVC) announced the resolution of the Board of Directors dated December 22, 2011:
Article 1: Approving a private placement to strategic investors in order to raise capital in 2011:
- Stock type: common stock
- Par value: VND10,000/share
- Outstanding volume: 24,200,000 shares
- Offering volume: 8,000,000 shares
- Offering price: Estimated VND20,000/share and ensured not to be lower than the book value at the issue date
- Method of price calculation: Negotiation based on market price
- Object of the private placement: All local and foreign institutions and individuals
- Distribution method: Stock issued privately to strategic investors
- Distribution period: Estimated in Quarter I/2012, after the State Securities Commission of Vietnam approves the issuing license
- The number of shares each investor registers to buy must not be more than the number of shares offered
- Plan to use the money from the offering: Total proceeds worth VND160 billion will be used to invest in co-operation activities with hospitals
- Maximum ownership ratio of foreign investors: 49% of total shares of the Company
Article 2: Approving conditions to allow strategic investors to buy stock in this offering: all local and foreign institutions and individuals who have financial abilities and would like to invest in health industry
Article 3: Approving the list of strategic investors registering to buy stock issued by Japan Vietnam Medical Instrument JSC to raise capital to VND322 billion:
- Vietnam Holding Asset Management
- Vietnam Investment Group
- Saigon Asset Management
- Dragon Capital Group Limited, DBJ, JAIC and World Link Japan, Inc
- Dream Incubator Vietnam JSC
Article 4: This resolution shall take effect from December 22, 2011.
HOSE
|
