1. Information on the issue
- Stock type: common stock
- Par value: VND 10,000
- Number of shares was sold: 2,027,662 shares
- Proceeds: VND 20,276,620,000
2. Report on use of proceeds
a. Purpose of the issue: Investing and purchasing assets
b. Report on use of proceeds:
According to purpose of the issue, the Company planned to purchase 2 new petroleum stations. However, as of 30/06/2012, the Company has not purchased the petrol stations yet. The reason is that Tan Loi petrol station ( Tan Loi commune, Hon Quan district, Binh Phuoc) and Ai Nhu petrol station ( Hamlet 01, Tan Long commune, Phu Giao district, Binh Duong) don’t have complete legal document to transfer for the Company. Besides, the Company couldn’t negotiate on price with owner’s Hung Phat retail petrol station (Hamlet 01, Chanh Phu Hoa commune, Ben Cat district, Binh Duong).