Mirae Joint Stock Company announced the Board Resolution on a plan for stock private placement dated December 31, 2013 as follows:
Article 1: The Board of
Directors approved to cancel effectiveness of Resolution No.03/2013/NQ-HDQT on
a plan for private placement to increase its charter capital to 60 billion
dongs.
Article 2: Now, Mirae Fiber
Tech has paid all overdue debt. Therefore, the Board of Directors decided
reversal of provision for doubtful debt deducted according to Resolution dated
August 12, 2013.
Article 3: The Board of
Directors redeployed the plan to issue shares by the Annual General Meeting
approved dated April 27, 2013 as follows:
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Par value: VND10,000/share
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Issue volume: 6,000,000 shares
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Offering price: VND10,000/share
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Investors: Mirae Fibe Joint Stock Company contributes 56
billion dongs and Mr. Shin Young Sik contributes 4 billion dongs.
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Purpose and plan to use the proceeds from the offering will
be used to import machinery from Mirae Fiber Tech to improve technical, to
extend production by 56 billion dongs and to add the company’s working capital
by 4 billion dongs.
