Hung Vuong Corporation announced the board resolution dated June 03, 2013 as follows:
Article 1: To implement the stock issuance to increase the
Corporation’s charter capital to VND1,200 billion:
1.
To issue bonus shares to the existing shareholders:
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Exercise ratio: 2:1 (each shareholder owning 02 shares will
receive 01 bonus share)
-
The bonus shares issued to each shareholder will be rounded,
and fractional part (if any) will be cancelled.
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Total estimated issue volume: 39,598,834 shares
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Financial resource: the Corporation’s capital surplus at
12/31/2012.
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Rights to receive bonus shares are not transferable.
-
Bonus shares are transferable.
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Charter capital after the stock issuance:
VND1,187,965,030,000.
2.
To offer shares to the Corporation’s key employees:
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Total offering volume: 1,203,497 shares
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Offering price: equal to par value: VND10,000/share.
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Total proceeds from the offering: VND12,034,970,000.
-
Purpose of the offering: to raise the Corporation’s working
capital.
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The shares offered to key employees are transferable.
-
The undistributed shares (if any) if employees refuse to buy
will be cancelled.
-
Charter capital after the two issuances: VND1,200 billion.
Article 2: To approve the document by the CEO about selection
criteria, distribution rules to each object and the list of key employees for
the ESOP said in Article 1.
Article 3: To register to deposit and list additional shares.
-
Additional listing volume: 40,802,331 shares.
-
Listing time: after the Corporation reports the issuance
result to the State Securities Commission and the Hochiminh Stock Exchange.
Article 4: This resolution shall take effect from the date of
signing.
