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NSC: Announcement of tender offer for SSC shares National Seed Joint Stock Company officially received the approval for public tender offer from the State Securities Commission. Therefore, the Company promptly disclosed information about the tender offer and will fulfill procedures.
1) Bidder: National Seed Joint Stock Company
– Trade name: NSC
– Charter capital: VND152,950,000,000
– Number of outstanding shares: 15,295,000 shares
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 of NSC after trading: 9,207,234 shares (61.4% of total outstanding shares of SSC)
– Bid price: VND59,000/share
– Financial resource for the tender offer: owners’ equity of NSC
– Purpose for the tender offer: to increase ownership ratio and long-term investment, vision from 2014 up 2020.
– Trading time: from March 13, 2015 to April 13, 2015
– Agent for tender offer: Saigon Securities Incorporation – Ha Noi Branch. HOSE
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