Lam Son Sugar Joint Stock Corporation (LASUCO JSC) has announced the use of proceeds from the 2012 bond offering as follows:
I. Result
of the offering:
-
Name
of bond: Bond of Lam Son Sugar
Joint Stock Corporation
-
Bond
type : convertible bond
-
Par
value : VND100,000
/ bond
-
Bond
term : 24 months
-
Bond
interest : 12%/year
-
Distributed
volume: 2,000,000 bonds (100% of total
issued bonds). In which:
-
To
the existing shareholders: 1,500,000 bonds
-
To
sugarcane growers: 300,000 bonds
-
To
manager, employees: 200,000 bonds.
-
Total
proceeds from the offering: VND200,000,000,000.
-
Total
cost: VND0.
-
Total
net proceeds: VND200,000,000,000.
II.
Report on the use of proceeds from the offering:
1. Purpose
of the offering:
-
To
restructure and finance the project “Upgrading and expanding Sugar Factory
No.02”: VND150 billion.
-
To
invest in sugarcane area: VND50 billion.
2. The
use of capital:
