On August 16, 2013, the Board of Directors of Sai Gon Water Infrastructure Corporation announced the Board Resolution on a private placement as follows:
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The Board of Directors approved the plan to issue shares as
follows:
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Par value: VND10,000/share
+
Issue volume: 18,370,000 shares
+
Issue value: VND183,700,000,000
+
Offering price: VND16,900/share
+
Estimated issue time: in 2013 after approving by the State
Commission Securities
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Transfer restriction period: 01 year from the issue date.
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Investors: Manila Water South Asia Holdings Pte Ltd, affiliated
with Manila Water Company, Inc.
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Purpose and plan to use the proceeds from the offering will
be used to add the company’s working capital, to pay expenses.