Vietnam Sun Corporation announced the resolution of the Board of Directors dated May 05, 2014 as follows:
The Board of Directors approved the issuance
plan as follows:
1)
Purpose of the offering: to increase its charter
capital from owners’ equity
- Number
of outstanding shares at present: 43,499,818 shares
- Total
estimated issue volume: 13,049,946 shares
-
Number of newly-issued shares after
the issuance: 56,549,764 shares
2)
The issuance plan:
- Stock
type: common stock
- Par
value: VND10,000/share
- Objects:
All shareholders in the list dated a recorded date
- Exercise
ratio: 100:30 (each shareholder who owns 100 shares will receive 30 new shares)
- Total
estimated issue volume: 13,049,946 shares
- Total
value: VND130,499,460,000
- Capital
source: the capital surplus and undistributed profit at December 31, 2013
- Rights
to receive shares are not transferable.
- Newly-issued
shares are transferable.
- Fractional
parts: The newly-issued shares issued to each shareholder will be rounded, and
fractional part (if any) will be cancelled. For example: Shareholder Nguyen Van
A currently owns 689 shares, the bonus shares are: (689 x 3/100) = 206.7
shares. After rounding down, the number of shares he receives will be 206
shares and 0.7 share will be cancelled.
- Time
of the issuance: estimated in Quarter 2, Quarter 3/2014.
