HUD3 Investment and Construction Joint Stock Company (HUD3) has announced the use of proceeds from the public offering as follows:
1. Result of public offering:
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Name of stock: Stock of HUD3 Investment and Construction
Joint Stock Company
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Stock type: common stock
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Par value: VND10,000/share
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Number of shares before the issuance: 5,000,000 shares
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Registration volume for the issuance: 5,000,000 shares,
including:
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Issuing 2,000,000 bonus shares to the existing shareholders;
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Selling 3,000,000 shares to the existing shareholders at
VND10,000/share.
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Exercise ratio: 5:3
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Purpose: to raise funds for business operations.
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Starting date: July 01, 2010
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Finish date: July 22, 2010
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Therefore, at the end of the offering, HUD3 issued 4,999,944
new shares (equivalent to VND49,999,440,000); including 1,999,944 bonus shares
and 3,000,000 shares sold at VND10,000/share).
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Total proceeds from the offering: VND30,089,437,000.
-
Total expenses: VND113,900,000.
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Total net proceeds from the offering: VND29,975,537,000.
2. Report use of proceeds
from the public offering:
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Until Dec 31, 2012, HUD3 used all of VND29,975,537,000 for
the following projects:
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Residential area in Van Canh Urban Area (from Jul 2010 to
Oct 2010)
-
Residential area in Dong Son Urban Area (from Jul 2010 to
Dec 2011)
-
Golden Palace apartment building and office for
rent (from Jul 2010 to Dec 2012).
