Dat Xanh Real Estate Service & Constructions Corporation announced the resolution of the Board of Directors dated April 28, 2014 as follows:
Article 1: The Meeting approved to increase its Charter
Capital from VND750 billion to VND1,250 billion as follows:
-
Number of issuing
shares to existing shareholders with exercise ratio 04:01 (shareholder who owns
04 shares will receive 01 new share): 18,750,000 shares. Issuing price:
VND10,000/share
-
Number of issuing
shares to strategic partners: 25,700,000 shares. Issuing price: not less than
VND10,000
-
Number of
issuing shares to pay stock dividend: 5,250,000 shares
-
Number of
issuing shares in the ESOP: 300,000 shares
-
The proceeds are expected to be used to fund two projects
namely the Riverside Garden Apartments in Thu Duc, Ho
Chi Minh city; and
the Green City, district 9, Ho
Chi Minh city.
-
Authorizing to BOD Chairman to implement
necessary procedures.
Article 2: This resolution
takes effect as from April 28, 2014.
