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
- Relation of Bidder and the tender offer: Fimex is an associated company of HVG
- Currently, number of holding shares of HVG: 7,500,000 shares (37.5% of total outstanding shares of FMC)
- Number of shares registered to be purchased: 2,500,000 shares (12.5% of total outstanding shares of FMC)
- Bid price: VND24,000/share
- Financial resource for the tender offer: HVG’s working capital at December 31, 2014
- 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 02, 2015 to May 15, 2015
- Agent for tender offer: Viet Capital Securities Joint Stock Company. HOSE
|