Dong A Plastic Group Joint – Stock Company announced Board Resolution No.13 & 14 regarding: the detailed plan to use the proceeds from the stock issuance for capital increase in 2014; and the criteria for strategic shareholders in the stock issuance.
Board Resolution No.14 dated December 31, 2014
Article 1: The Board of Directors unanimously approved the criteria for strategic shareholders in the stock issuance for capital increase in 2014.
Article 2: The Board of Directors unanimously approved to issue 1,125,000 shares to the strategic shareholder in the offering – F.I.T Company. The issue price is not lower than the book value at the end of latest quarter before making the offering (Issue price: VND13,825/share).
Article 3: The quantity of shares refused to buy by the strategic shareholder will be sold to other investors.
Article 4: The Directorate and relating departments are responsible for implementing this resolution.
Board Resolution No.13 dated December 31, 2014
Article 1: The Board of Directors unanimously approved the detailed plan to use the proceeds from the stock issuance for capital increase in 2014:
§ Estimated proceeds from the issuance:
ü Amount of charter capital increased: VND52,500,000,000
ü Total proceeds: VND49,928,125,000
§ Plan to use the proceeds:
|
Purpose |
Amount |
|
To invest in capital construction: To complete the construction of a 42x135m workshop and a 38x60m warehouse |
25,000,000,000 |
|
To purchase equipment |
15,000,000,000 |
|
Working capital |
9,928,125,000 |
|
Total |
49,928,125,000 |
Article 2: This resolution takes effect from the date of signing.
Article 3: The Directorate and relating departments are responsible for implementing this resolution.
