Sai Gon Securities Incorporation announced Board Resolution No.05/2014 dated October 29, 2014 as follows:
Article 1: Approving a plan for capital increase:
The Board of Directors approved a plan to raise the company’s charter capital as follows:
1. Issuing shares to raise funds from the owner’s capital to shareholders at a ratio of 20%/par value (each shareholder owning 10 shares will receive 02 new shares);
2. Paying interim dividend in stock from the 2014 profit to shareholders at a ratio of 10%/par value (each shareholder owning 10 shares will receive 01 new shares).
Article 2: Approving a bond issuance:
1. Type of bond: non-convertible bond, secured or unsecured
2. Currency unit: VND
3. Par value: VND500,000,000.
4. Total issue value: VND1,000 billion – VND1,500 billion
5. Expected issue price: equal to 100% par value
6. Bond term: from 01 year to 03 years
7. Interest: decided by the BOD Chairman.
8. Interest term: 06 months or 01 year
9. Bond form: book-entry
10. Issue method: private placement
Article 3: The Board of Directors approved the business target for 2014:
- Consolidated before-tax profit for 2014: VND1,050 billion.
Article 4: This resolution takes effect from the date of signing.
