Fecon Foundation Engineering and Underground Construction Joint Stock Company (FECON.,JSC) offered shares to the public as registered as follows:
Result of the offering:
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Stock type: common stock
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Par value: VND10,000/share
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Number of shares registered to be offerred: 6,060,000 shares
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Including:
+
To the existing shareholders: 535,000 shares
+
To employees: 2,675,000 shares
+
To strategic partners: 2,850,000 shares
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Number of shares issued: 965,162 shares
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Starting date: January 06, 2012
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Finish date: February 24, 2012
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Proceeds from the offering: VND20,248,240,000
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Total expenses for the offering: VND120,000,000
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Including:
+
Consulting fee: VND100,000,000
+
Consulting fee: VND20,000,000
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Net proceeds from the offering: VND20,128,240,000.
Plan for using the proceeds:
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To raise the Company’s working capital.
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To invest in equipment and machines, to enhance construction
capacity in projects.
Report on using the proceeds:
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Total net proceeds from the offering, worth
VND20,128,240,000, together with bank loans were used to purchase equipment and
machines, as follows:
