Wednesday, 07/11/2012 17:22

QCG: To issue new shares to interchange with SGG’s shares

Quoc Cuong Gia Lai Joint Stock Company (“QCGL”) announces the board resolution on November 01, 2012 as follows:

-         The Board of Directors approved plan to issue new shares to interchange with shares of Sai Gon Green Real Estate Joint Stock Company (“SGG”):  

+         Charter capital before increase: VND 1,270,768,620,000

+         Number of shares issued: 2,927,167 shares

+         Percentage of the shares registered to issue on the charter capital: 2.3%

+         Charter capital increasing in 2012: VND 29,271,670,000

+         Total charter capital after increase: VND 1,300,040,290,000

-         Purpose of the issue: to interchange with shares of Sai Gon Green Real Estate Joint Stock Company

-         Information on the shares:

+         Stock type: common share

+         Par value: VND10,000/share

+         Conversion ratio: 1.5 SGG shares : 01 QCG share (that means each shareholder owning 1.5 SGG shares can change them to 01 QCG share.

+         Object of the issue: the existing shareholders of Sai Gon Green Real Estate Joint Stock Company on the record date.

-         Issue method:

+         Each shareholder owning 01 SGG share will receive 01 right to buy, and every 03 rights to buy will be converted to 02 QCG shares. The number of converted shares will be rounded down. The decimal remainder not enough converted into 1 will be bought back at par value.

For example, if shareholder A owns 100 SGG shares, he will receive 66.66 QCG shares after interchanging. However, in fact, he will receive 66 QCG shares. The 0.66 share will be paid in cash at VND6.600 (=0.66 share * VND10,000/share).

-         Issue time: after the State Securities Commission approves the issue.

HOSE

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