Kinh Do Corporation announced the resolution of extraordinary shareholders’ meeting 2013 which was held in the form of colleting shareholders’ ballots:
Article 1: Making a private placement to strategic partners:
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Name of stock: Stock of Kinh Do Corporation
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Stock type: common stock
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Par value: VND10,000
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Outstanding volume: 166,136,014 shares
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Offering volume (estimated): 40,000,000 shares
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Offering price (estimated): Price discounted up to 20%
compared to the average closing price of KDC stock on the Hochiminh Stock
Exchange in 20 consecutive trading days prior to the issue date, and ensured
not to be lower than the book value according to the latest quarterly financial
statements.
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Plan for capital using: to invest in new business lines; to
increase the Corporation’s working capital.
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Time of transfer restriction: 01 year.
Article 2: Adjusting the bonus issue plan with an issue ratio 5:1
to the existing shareholders, which was approved by the 2013 annual general
meeting on April 12, 2013, as follows:
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Additional issuing volume: 42,527,202 shares
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(166,136,014 + 40,000,000 + 6,500,000) x 20% = 42,527,202
shares
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Total charter capital after issuing: VND2,566,554,720,000
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Financial resource: capital surplus
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Those who own the rights to receive bonus shares must not
transfer the rights.
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Issue time: after the Corporation finishes the private
placement and the offering to the Board of Directors, the Board of Supervisors,
staff, and after the State Securities Commission confirms that it receives
enough documents.
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The bonus shares are transferable.
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Exercise ratio: 5:1 (each shareholder owning 05 existing
shares will receive 01 new share)
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The bonus shares will be rounded down. Fractional shares (if
any) will be cancelled.
Article 3: Approving the additional listing of new shares on the
Hochiminh Stock Exchange.
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Estimated additional listing volume: 89,027,202 shares
(including 40,000,000 shares of the private placement; 6,500,000 shares offered
to the Board of Directors, the Board of Supervisors and staff; and 42,527,202
bonus shares).
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Listing time: after the Corporation reports the issuing
result to the State Securities Commission and the Hochiminh Stock Exchange.
Article 4: Amending Article 5 of the Corporation’s Regulation
about the Corporation’s charter capital after issuing additional shares.
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Total charter capital after issuing additional shares:
VND2,566,554,720,000.
Article 5: Amending Article 2 of the Corporation’s Regulation
about the Corporation’s head office.
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Head office: 138 – 142 Hai Ba Trung, Da Kao Ward, District
1, Hochiminh City.
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Authorizing the Board of Directors to choose an appropriate
time to change the address of head office and complete necessary procedures.
Article 6: This resolution takes effect from November 04, 2013.
