Pacific Property and Infrastructure Development and Investment Joint Stock Company announced the use of proceeds from private stock placement as follows:
1)
Stock:
- Name of stock: Pacific Property
and Infrastructure Development and Investment Joint Stock Company
- Stock type: Common
stock
- Par value: VND10,000
/ share
- Volume registered to
offer: 11,000,000 shares
- Purpose of issuance:
to increase charter capital to accelerate the transportation construction
projects and estate real projects
2)
Result
of the issuance:
- Total distributed
volume: 11,000,000 shares (100% of total issued volume).
- Total proceeds from
the private placement: VND 110,000,000,000
- Total cost: VND
8,266,500,000
- Total net revenue
after the private placement: VND 101,733,500,000
3)
Report
use of proceeds from private stock placement:
- The use of proceeds
from the offering: to expense the transportation construction projects and
estate real projects
- To transfer money to
pay construction for Thu Thua – Binh Thanh Project: VND46 billion; 1A National
Highway - Binh Dinh project: VND15 billion; Vinh Phu 2 populated area project:
VND10 billion; Long Hoi Urban Area project: VND4 billion; Ben Luc 1 populated
area project: VND6 billion; 14 National Highway – Cay Chanh – Binh Phuoc
project: VND20,733,500,000.
