On April 28, 2014, the Board of Directors of LICOGI 16 Joint Stock Company approved the resolution on a private placement as follows:
Article
1:
Approving the plan for private placement:
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Stock type: common stock
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Par value: VND10,000/share
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Estimated offering volume: 2,000,000 shares
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Offering method: private offering
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Capital contribution method: by cash
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Object of the private placement: domestic
& foreign institutes, individual
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Offering price: VND7,500/share
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Transfer restriction: the new shares will be
restricted from transfer within 01 year from the finish date of this offering.
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Time to distribute shares: after getting
approval by the State Securities Commission to the finish of this offering
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Plan to deal with equity surplus after
offering: negative by VND50 billion. At December 31, 2013, the company have
capital surplus by VND390,909,111,159. The company will be used above surplus
to make up for equity surplus after the finish date of this offering
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Plan to use the proceeds from the offering:
Total proceeds, the company will be used to raise the Company’s working capital
by VND80 billion, to fund Hiep Thanh Residential Area project by VND70 billion.
Article
2:
The Board of Directors authorized BOD Chairperson to fulfill necessary
procedures to register to deposit shares in the Vietnam Securities Depository,
list shares in the Hochiminh Stock Exchange
Article
3:
This resolution takes effect from April 28, 2014.
