CCI: Report on the use of proceeds from stock offering

Cuchi Commercial and Industrial Developing Investment JSC declared the use of proceeds from the public offering in 2012 to increase its charter capital from VND90 billion to VND133,986,200,000 as follows:  

1. Proceeds from the public offering to increase the charter capital from VND90 billion to VND133,986,200,000 and purpose of the offering:

• Proceeds:

The proceeds from the offering in 2012: VND44,761,474,000.

• Purpose of the offering:

According to the resolution of the 2011 annual general meeting of shareholders on March 26, 2011, shareholders approved to use the proceeds for the investment in Tay Bac Cu Chi Industrial Zone – Expansion Phase.

1. The use of proceeds from the offering (until June 30, 2015):

Cuchi Commercial and Industrial Developing Investment JSC has fulfilled legal procedures for the land clearance and compensation. After the plans for the land clearance and compensation are accepted, the Company will use the proceeds from this offering to execute the land clearance and compensation of Tay Bac Cu Chi Industrial Zone – Expansion Phase. The proceeds are currently being deposited in a bank.

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