Friday, 13/04/2012 18:33

PSC: Report on use of proceeds

Petrolimex Saigon Transportation and Service JSC reports the use of proceeds in the issue approved by the SSC on 21/07/2010 as follows:

1. Information on the issue:

- Stock name: Petrolimex Saigon Transportation and Service JSC

- Stock code: PSC

- Stock type: Common stock

- Par value: VND 10,000/share

- Offering volume: 2,800,000 shares

- Number of shares issued: 2,800,000 shares

Where:

+ Outstanding shareholders: 2,000,000 shares, offering price: VND 15,000/share

+Vietnam National Petroleum Group: 800,000 shares, offering price: VND 20,000/share  

-   Total proceeds: VND 46,000,000,000

2. Use of proceeds:

2.1. Purpose of the issue: To invest in PTS office building and supplement working capital

2.2. Report on use of proceeds:

-       Stage I: VND 19,784,764,059 ( reported on 06/04/2011)

-       Stage II: VND 8,194,039,546 (reported on 06/10/2011)

-       Stage III: VND 15,300,787,849

+ Constructing the building: VND 12,269,695,303

+ Petroleum store: VND 2,411,302,546

+ Xitec lorry: VND 619,790,000

hnx

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