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ITA: The BOD approves the private placement Tan Tao Investment Industry Corporation announced the board resolution dated February 09, 2015 as follows:
The Board of Directors approved to implement the private placement of shares in order to pay debts, which was adopted by the 2014 annual general meeting of shareholders on April 26, 2014.
1) Issue scale:
- Name of stock: Stock of Tan Tao Investment Industry Corporation
- Stock type: common stock
- Par value: VND10,000/share
- Number of shares expected to be issued: 119,376,938 shares
- Total issue value: VND1,193,769,380,000.
2) Investors:
Tan Tao Investment Industry Corporation expects to offer shares to pay debts to the following investors:
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No.
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Expected investors
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Number of shares expected to be issued
|
Value
(VND)
|
|
1
|
TanTao Group
|
51,309,400
|
513,094,000,000
|
|
2
|
ITA-RICE
|
17,000,000
|
170,000,000,000
|
|
3
|
Tantao Infrastructure Corp
|
34,589,038
|
345,890,380,000
|
|
4
|
Southern Delta JSC
|
16,478,500
|
164,785,000,000
|
|
|
Total
|
119,376,938
|
1,193,769,380,000
|
3) Expected issue time: in Quarter 1/2015. HOSE
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