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PTB: Board Resolution on Public Offering Phu Tai Joint Stock Company declared the board resolution dated September 29, 2015 regarding public offering as follows:
Article 1: Approving the plan of issuing shares to the existing shareholders with exercise ratio 5:1
- Stock name: Stock of Phu Tai Joint Stock Company
- Type stock: common stock
- Par value: VND10,000/share
- Offering price: VND10,000
- Number of outstanding shares: 14,400,634 shares
- Number of shares to be issued to existing shareholders: 2,880,126 shares
- Total issued value: VND28,801,260,000
- Exercise ratio: 5:1 (Each shareholder owning 05 shares will be entitled to buy 01 new share)
- The new shares are transferable
- Period for distribution: the new shares will made within 90 days after getting approval from the State Securities Commission of Vietnam
- The shares issued to each shareholder will be rounded to down, and sold shares (if any) will be sold to investors at not lower than VND10,000/share
Article 2: Approving the plan of using the proceeds of the public offering: Total amount of VND28,801,260,000 from the public offering will be used to purchase equipment and machineries for its ashlar manufacture in Dong Nai Province (VND12,737,500,000) and Thang Loi wood processing factory (VND12,920,000,000) add in its working capital (VND3,143,760,000). HOSE
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