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EFI: Change in use of proceeds
On 31/07/2014, Education financial investment JSC announced
change in use of proceeds
1. Issuance information (Public issuance 2009 – 2010 – 8th
time)
- Name of share: Education
financial investment JSC
- Stock code: EFI
- Type of share: Common
share
- Par value: VND
10,000/ share
- Number of shares registered to be issued: 9,930,000 shares
- Number of shares was issued: 9,855,700 shares
- The amount of money collected from the issuance: VND
121,839,950,000
- The net amount of money collected from the issuance: VND
121,414,410,000
- Finishing date on State Securities Committee: 01/08/2010
2. Use of proceeds
2.1. Plan
- Will be invested into 187 Gang Vo Complex City Project
2.2. Progress:
- Total investment in the project until now: VND
13,000,000,000
2.3. Change the use of proceeds:
Reason: +
The project was deployed later than expected
+ Other issue from
State agencies
+ The expenses for
the project were changed
+ The fluctuation
of real estate market
Therefore, based on Article 6 of the Resolution No.
02/2014/NQ – DHDCD issued on 26/04/2014 by annual General Meeting of
Shareholders 2014, the Company will divest from Giang Vo 187 B Project, notice
the SSC about the change in use of proceeds. The proceeds will be used to serve
the production of the Company HNX
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