On May 17, 2012, the Board of Directors of Viet Thang Feed Joint Stock Company approved the resolution on a private placement as follows:
Article 1: Approving the plan for private placement:
- Stock type: common stock
- Par value: VND10,000/share
- Estimated offering volume: 3,000,000 shares
- Offering method: private offering
- Object of the private placement: major investors, strategic partners.
- Offering price: not lower than VND20,000/share
- Transfer restriction: the new shares will be restricted from transfer within 01 year from the finish date of this offering and will be listed on the Hochiminh Stock Exchange.
- Time to register to buy shares:
+ Time to register to buy shares: before Quarter III/2012.
+ Settlement method: in cash or transfer
- The number of unsold shares will be distributed to other investors by the Board of Directors.
- Plan to use the proceeds from the offering: Total proceeds, about VND60 billion, will be used to invest in storage system in Sa Dec 2 Factory, Silos system, raw material stock of Lai Vung Factory, and to raise the Company’s working capital.
- Estimated charter capital after issuing: VND210,255,090,000.
Article 2: List of potential investors:
- Hung Vuong Corporation – Lot 44, My Tho Industrial Zone, My Tho City, Tien Giang Province.
- Viet Phu Foods & Fish Corporation - Lot 34, My Tho Industrial Zone, My Tho City, Tien Giang Province.
Article 3: This resolution takes effect from May 17, 2012.
