LCM: Report on the use of proceeds from the share issuance Lao Cai Mineral Exploitation and Processing Joint Stock Company announced the use of proceeds from the share issuance as follows:
1) Result of the share issuance:
- Name of stock : Stock of Lao Cai Mineral Exploitation and Processing Joint Stock Company
- Stock type: Common stock
- Stock code: LCM
- Par value: VND10.000 / share
- Total issued volume: 12,852,000 shares
- Estimated mobilized capital: VND128,520,000,000
- Beginning date: October 01, 2012
- Ending date: November 07, 2012
2) Report use of proceeds from the share issuance:
To invest in:
- Constructing and investing in machinery for the factory at Ngoc Lam, Cao Ram, Luong Son, Hoa Binh: VND88,200,000,000
- To raise its holding to 95% stake of Gia Long Hoa Binh Co., Ltd: VND40,320,000,000. However, the company used in right purpose as approved by Annual General Meeting. HOSE
|