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PVC: Use of capital from offering
(14/06/2013) Drilling
Mud Corporation announced result of capital usage from offering as follows:
1.
Information on offering:
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Objects: Current shareholders and internal employees
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Time: Quarter 4/2012
2.
Use of capital:
2.1.
Total amount of capital raised: VND151,162,087,546
2.2.
Objectives and schemes of capital use
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Investment in project of Vung Tau petroleum chemical
cosmetic Factory
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Project of sanitary equipments for tanks, overseas stores,
petroleum
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Capital contribution to DMC-VTS Joint venture company (Laos)
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Capital contribution to DMC WS
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Supplementation of working capital
2.3.
Use of capital:
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Investment in Vung Tau petroleum chemical cosmetic Factory
Disbursed:
VND35,138,000,000
Remained
for next disbursement: VND2,315,883,435
Reasons:
Some work items are in transfer period, the company retains guarantee, maintenance
fees
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Project of sanitary equipments for tanks, overseas stores,
petroleum
Disbursed:
VND0
Remained
for next disbursement: VND33,660,000,000
Reasons:
Transfer of equipments is not completed
-
Capital contribution to DMC-VTS Joint venture company (Laos)
Disbursed:
VND3,129,000,000
Remained
for next disbursement: VND7,371,000,000
Reasons:
The company is preparing for capital contribution at DMC VTS
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Capital contribution to DMC WS
Disbursed:
totally VND20,000,000,000
-
Supplementation of working capital
Supplemented:
VND49,511,116,565
Totally,
the company disbursed VND107,778,116,565. The remained of VND43,346,883,435
will be disbursed in coming time.
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