Thursday, 26/12/2013 09:24

AGR: Report on the use of proceeds from the offering

AgriBank Securities Joint Stock Corporation (Agriseco)announced the use of proceeds from public offering as follows:

I.    Stock:

-         Name of stock: Stock of AgriBank Securities Joint Stock Corporation

-         Stock type: Common stock

-         Par value: VND10,000 / share

-         Volume registered to offer: 80,000,000 shares

-         Estimated mobilized capital: VND800,000,000,000

-         The beginning date: April 21, 2013

-         The completion date: July 21, 2013

II.   Report use of proceeds from the offering:

-         Agrisecoinvested according to plan in the prospectus:

+         To invest in infrastructure, technology, human resources.

+         To develop profitable business

+         The estimated capital of VND100 billion to establish Fund Management Company was in the process of implementing.

HOSE

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