HAGL Joint Stock Company announced the resolution of shareholders’ meeting which was held in the form of getting shareholders’ written opinions:
Article 1: Approving to pay the 2012 dividends:
- Payment method: in cash
- Payment ratio: 5%/share (VND500 per share)
- Financial resource: the 2012 undistributed profit
- Payment date: in Quarter 4/2013
Article 2: Approving to restructure real estate business:
The general meeting approved a public offering of shares of An Phu Real Estate Corporation owned by HAGL JSC:
- Name of stock: Stock of An Phu Real Estate Corporation
- Number of outstanding shares: 36,000,000 shares
- Stock type: common stock
- Par value: VND10,000/share
- Number of shares owned by HAGL JSC: 35,970,000 shares (99.9% of outstanding shares)
- Number of offering shares: 32,957,385 shares (91.6% of shares owned by HAGL JSC).
- Offering price: VND10,000/share
- Exercise ratio: 4.58% (10,000:458)
- The number of shares distributed to each shareholder will be rounded down. The undistributed shares and fractional shares will be sold to other investors at a price equal to the price offered to existing shareholders.
- Purpose: to restructure the Corporation’s real estate business.
- Offing time: after the general meeting of shareholders approves the offering plan, and the State Securities Commission grants a certificate for the public offering.
