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SSC: SSC receives a tender offer document for NSC shares On February 03, 2015, Southern Seed Corporation received the registration document a public tender offer from National Seed Joint Stock Company as follows:
1) Bidder: National Seed Joint Stock Company
- Trade name: NSC
- Charter capital: VND152,950,000,000
2) Information about the tender offer:
- Stock: Stock of Southern Seed Corporation
- Stock code: SSC
- Objects: SSC’s existing shareholders are transferable
- Relation of Bidder and the tender offer: SSC is associated company of NSC
- Currently, number of holding shares of NSC: 5,996,940 shares (40.16% of total outstanding shares of SSC)
- Number of shares registered to be purchased: 3,210,294 shares (21.4% of total outstanding shares of SSC)
- Number of holding shares after the tender offer: 9,207,234 shares (61.4% of total outstanding shares of SSC)
- Bid price: estimated VND59,000/share
- Financial resource for the tender offer: NSC’s equity
- Purpose for the tender offer: to increase ownership ratio and long-term investment
- Trading time: from 30 days to 60 days after the State Securities Commission approves the tender offer
- Agent for tender offer: Saigon Securities Incorporation. HOSE
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