BHS: Resolution on public offering According to the Board resolution dated February 02, 2017, the Board of Directors of Bien Hoa Sugar Joint Stock Company approved a record date for implementing rights to receive bonus shares and buy new shares as follows:
- Purpose: to issue shares to raise capital from the owner’s equity and to offer shares to the existing shareholders.
- Record date: February 21, 2017
- Details:
3.1. To issue bonus shares to raise capital from the owner’s equity:
- Exercise ratio: 30%
- Plan to deal with fractional shares: The new shares will be rounded down. The fractional part (if any) will be cancelled.
3.2.To implement the purchase rights:
- Expected issue volume: 129,511,198 shares
- Issue price: VND10,000/share
- Exercise ratio: 1:1 (Those who own 01 share will receive 01 right, and with every 01 right will be entitled to buy 01 new share.)
- Plan to deal with unsold shares: The shares refused by the existing shareholders will be offered to other investors by the Board of Directors at the price not lower than the one offered to the existing shareholders.
- Time to transfer rights: from March 06, 2017 to March 24, 2017
- Time to register and deposit to buy shares: from March 06, 2017 to March 27, 2017. HOSE
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