On October 15, 2013, Refrigeration Electrical Engineering Corporation officially received the approval for public tender offer from the State Securities Commission. Therefore, the Company promptly disclosed information about the tender offer and will fulfill procedures.
1. Bidder: Refrigeration Electrical
Engineering Corporation
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Trade name: REE
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Charter capital: VND2,446,433,850,000
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Head office: 364 Cong Hoa, Ward 13, Tan Binh District, HCMC.
2. Information about the
tender offer:
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Stock: Stock of Thu Duc Water Supply Joint Stock Company
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Stock code: TDW
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Relation of Bidder and the tender offer: TDW is associated
company of REE
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Currently, number of holding shares of REE: 2,120,740 shares
(24.95% of total outstanding shares of TDW)
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Number of shares registered to be purchased: 1,455,000
shares (17% of total outstanding shares of TDW)
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Bid price: VND18,000/share
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Financial resource for the tender offer: Equity
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Purpose for the tender offer: to raise holding of REE in
TDW. This is a long-term investment of REE in TDW. REE has no intention to
change the business activity of the water supply company after raising its
holding in this firm.
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Trading time:
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Time of tender offer: from November 08, 2013 to December 10,
2013.
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Time expects to complete the tender offer: December 20, 2013
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Condition cancels the tender offer if:
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TDW increases or decreases it outstanding shares through
splitting, combining shares or converting preference shares;
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TDW decreases share capital;
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TDW issues shares to increase its charter capital;
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TDW sells or part of business or assets;
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TDW dissolves.
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Agent for tender offer: VNDirect Securities Corporation.
