HVG: Board Resolution on tender offer for FMC shares

Hung Vuong Corporation announced Board Resolution dated February 24, 2015 as follows:

The Board of Directors approved to plan about the tender offer for FMC shares as follows:

-          Stock: Stock of Sao Ta Foods Joint Stock Company

-          Stock symbol: FMC

-          Number of shares registered to be purchased: 2,500,000 shares (12.5% of total outstanding shares of FMC)

-          Number of holding shares after the tender offer: 10,000,000 shares (50% of total outstanding shares of FMC)

-          Buying price: VND24,000/share

-          Financial resource for the tender offer: HV CORP’s working capital

-          Purpose for the tender offer: to increase holding ratio in FMC, to maximize ROI, to maximize the benefit of shareholders, to raise production capacity, to expand business production scale

-          Trading time: 30 days after getting approval of State Securities Commission of Vietnam for the tender offer

-          Payment deadline and method: according to guidance of Vietnam Securities Depository an Hochiminh Stock Exchange.

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