Hung Vuong Corporation announced the resolution of Extraordinary Shareholders’ Meeting 2013 dated December 06, 2013 as follows:
Article 1: Approving to amend the articles of association about
the increase in charter capital from VND791,976,690,000 to
VND1,199,999,930,000.
Article 2: Approving a plan
to raise capital:
1. Number of shares
estimated to be offered:
-
Number of shares estimated to be offered (maximum):
30,000,000 shares
-
Method of raising capital: through a private placement,
including two stages (the second stage will be offered at least 6 months after
the first one):
Stage 1: offering a maximum of 20,000,000 shares
Stage 2: offering a maximum of 10,000,000 shares
Offering time:
Stage 1: estimated before June 30, 2014
Stage 2: estimated before December 31, 2014.
2. Plan to raise capital:
-
Stock type: common stock
-
Par value: VND10,000/share
-
Offering method: a private placement
-
Objects of the offering: domestic and foreign investors
-
Number of investors: less than 100 investors
-
Number of shares offered: maximum: 30,000,000 shares;
including 02 stages: Stage 1 with 20,000,000 shares, Stage 2 with 10,000,000
shares.
-
Value of shares offered: maximum: VND300 billion.
-
Offering price: the Board of Directors will negotiate with
investors to give an appropriate price but not less than VND28,000/share.
-
Transfer restriction: the new shares will be restricted
within 01 year from the finish date of the offering.
-
Plan to use the capital from the offering: to enhance the
financial capacity, to continue investment projects.
