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Wednesday, 08/08/2012 18:06

XMC: Report on use of proceeds

Vinaconex Xuan Mai Concrete & Construction JSC reports the use of proceeds in the issue certified by the State Securities Commission on 11/11/2010 as follows:

1.     Net proceeds: VND99,982,400,000

2.     Purpose of the issuing plan:

-       Investment in the construction of Xuan Mai Condominium and Trade Center: VND20 billion

-       Investment in Ngo Thi Nham Condominium, Ha Dong district, Ha Noi city: VND80 billion

3.     Use of proceeds:

-       Investment in Ngo Thi Nham Condominium, Ha Dong district, Ha Noi city: VND80 billion

-       Investment in the construction of Xuan Mai Condominium and Trade Center: VND1.147 billion

The remained proceeds of VND18.83 billion for the project of Investment in the construction of Xuan Mai Condominium and Trade Center will be used in the future.

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