Binh Duong Trade and Development Joint Stock Company reported the use of the proceeds from public offering:
Result of public offering:
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Name of stock: Stock of Binh Duong Trade and Development
Joint Stock Company
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Stock type: common stock
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Par value: VND10,000/share
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Offering volume: 80,000,000 shares
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Issue date: March 02, 2011
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Registration time: from March 02, 2011 to March 29, 2011
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Finish date of the offering: April 14, 2011
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Finish date of stock transfer: May 23, 2011
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Total proceeds from the offering: VND800 billion.
Report on the use of capital:
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TDC disbursed VND800 billion to pay for the transfer of land
use right and basic construction for projects.
By: VND billion
|
|
Content
|
Investment
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Plan for the use of proceeds
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Implementation
|
|
1
|
Uni-Town Trade Quarter – Phase 1
|
1,125
|
300
|
300
|
|
2
|
Uni-Town Trade Quarter – Phase 2
|
1,317
|
300
|
300
|
|
3
|
Bac Song Cam project (VSIP Hai Phong)
|
618
|
100
|
100
|
|
4
|
Spring Window Plastic Steel Core Door Factory
|
37
|
30
|
30
|
|
5
|
Buying 3,060,000 shares of Becamex CMC from Becamex IDC
Group at VND11,000/share, 51% stake
|
33.66
|
33.66
|
33.66
|
|
6
|
Buying 1,800,000 shares of Becamex CMC from Becamex UDJ at
VND10,000/share, 30% stake
|
18
|
18
|
18
|
|
7
|
Buying 1,080,000 shares of Ha Tien Kien Giang-Becamex
Cement JSC from Becamex IDC Group at VND10,000/share, 40% stake
|
10.8
|
10.8
|
10.8
|
|
|
Raising the Company’s working capital
|
7.54
|
7.54
|
7.54
|
|
|
Total
|
|
800
|
800
|
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Total proceeds from the public offering were disbursed as committed
in the prospectus. Besides, Binh Duong Trade and Development JSC bought
3,060,000 shares of Becamex CMC from Becamex IDC Group, bought 1,800,000 shares
of Becamex CMC from Becamex UDJ, bought 1,080,000 shares of Ha Tien Kien
Giang-Becamex Cement JSC from Becamex IDC Group and raised TDC’s working
capital in order to replace the project “VSIP Tan Uyen Residential Area”
according to the resolution of 2012 Annual General Meeting.
