Bien Hoa Packaging Company (SOVI) has announced the use of proceeds from the public offering as follows:
1. Result of public offering:
-
Name of stock: Stock of Bien Hoa Packaging Company
-
Stock type: common stock
-
Par value: VND10,000/share
-
Registration volume for the public offering: 1,046,439
shares
-
Expected mobilized capital: VND15,696,585,000.
-
Issue date: November 02, 2011
-
Starting date: November 09, 2011
-
Finish date: December 19, 2011
-
Total issued volume: 1,046,439 shares.
-
Total proceeds from the offering: VND15,696,585,000.
2. Report use of proceeds from
the public offering:
2.1 Purpose of the offering:
-
To build a new carton manufacturing plant with a capacity of
30,000 tons/year in My Phuoc Industrial Zone, Binh Duong province.
2.2 The use of proceeds from the offering”
-
Third installment payment for land rent on April 24, 2012,
according to Agreement No.42/HDTLD dated 02/24/2011 between SOVI and BECAMEX:
VND11,474,389,380.
-
Second installment payment for workshop construction,
according to Agreement No.01/HDXD/2011-SVI-HT dated 06/10/2011 between SOVI and
Hong Tin Construction Trading Services Co., Ltd.: VND4,222,195,620.
-
Total: VND15,696,585,000.
-
Therefore, all proceeds from the offering were used and
suitable for the purpose of the offering.
