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LAF: Announcement of tender offer for LAF shares Long An Food Processing Export 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: PAN Food JSC
- Trade name: PAN Food JSC
- Charter capital: VND100,000,000,000
- Number of outstanding shares: 10,000,000 shares
- Head office: 236/43/2 Dien Bien Phu, Ward 17, Binh Thanh District, HCMC
2) Information about the tender offer:
- Stock: Stock of Long An Food Processing Export Joint Stock Company
- Stock code: LAF
- Relation of Bidder and the tender offer: PAN Food JSC is major shareholder, holding 23.03% LAF’s charter capital
- Currently, number of holding shares of PAN Food JSC: 3,391,757 shares (2303% of total outstanding shares of LAF)
- Number of shares registered to be purchased: 4,123,486 shares (28% of total outstanding shares of LAF)
- Bid price: VND13.800/share
- Financial resource for the tender offer: PAN Food JSC’s own fund and other resource
- Purpose for the tender offer: to raise its ownership ratio and long term investment
- Trading time: from June 08, 2015 to July 10, 2015, The deal is expected to complete on July 24, 2015
- Agent for tender offer: Saigon Securities Incorporation. HOSE
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