HVG: Announcement of tender offer for FMC shares Hung Vuong 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: Hung Vuong Corporation
- Trade name: HVG
- Charter capital: VND1,319,998,100,000
- Number of outstanding shares: 131,999,810 shares
2) Information about the tender offer:
- Stock: Stock of Sao Ta Foods Joint Stock Company (Fimex)
- Stock code: 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 purchase: 10,000,000 shares (50% of total outstanding shares of FMC)
- Bid price: VND24,000/share
- Financial resource for the tender offer: HVG’s working capital
- Purpose for the tender offer: to raise holding of HVG in FMC to 50% after the purchase and consolidate FMC as its member of HVG
- Trading time: from April 09, 2015 to May 09, 2015
- Objects: investors are existing shareholders of Sao Ta Foods Joint Stock Company
- Agent for tender offer: Viet Capital Securities Joint Stock Company. HOSE
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