BBC: Announcement of tender offer for BBC shares Bibica Corporation 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: PAN Food Joint Stock Company
- Trade name: PAN FOOD JSC
- Charter capital: VND100,000,000,000
- Number of outstanding shares: 10,000,000 shares
2) Information about the tender offer:
- Stock: Stock of Bibica Corporation
- Stock code: BBC
- Relation of Bidder and the tender offer: PAN Food JSC is a major shareholder of BBC
- Currently, number of holding shares of PAN Food JSC: 3,258,020 shares (21.13% of total outstanding shares of BBC)
- Number of shares registered to be purchased: 4,606,580 shares (29.87% of total outstanding shares of BBC)
- Bid price: VND56,800/share
- Financial resource for the tender offer: own fund
- Purpose for the tender offer: to raise holding and long-term investment
- Trading time: within 30 days to 60 days after getting approval of the State Securities Commission of Vietnam
- Agent for tender offer: Saigon Securities Incorporation. HOSE
|