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TSC: Board Resolution on share issuance Techno - Agricultural Supplying Joint Stock Company announced the board resolution dated June 01, 2015 as follows:
1) The Board of Directors approved to implement the stock issuance (phase 03) to increase the Corporation’s charter capital, according to Resolution of Extraordinary General Meeting of Shareholders 2015 dated November 08, 2014 as follows:
- Objects: existing shareholders
- Exercise ratio: 1:1 (each shareholder owning 01 share will receive 01 new share)
- Issue volume: 73,824,042 shares
- Issue price: VND10,000/share
- Unsold shares (if any) will be distributed to investors at VND10,000/share
- Rights are transferred only once at the price agreed by 2 partners and not done again to the third one
- Time of implementation: in Quarter 2, 2015
2) The Board of Directors approved plan on using of proceeds of VND738,240,420,000 from the issuance (phase 03):
- The company plans to use VND396,846,080,000 billion to invest associated companies, VND65 billion to invest for Capsule factory, VND230,500,000,000 to invest Hau Giang project, VND110,894,340,000 to add the company’s working capital. HOSE
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