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DLG: Board approves to implement the plan for public offering Duc Long Gia Lai Group Joint Stock Company announced the board resolution dated August 15, 2016 as follows:
Article 1: The Board approved the plan for public offering:
1) Stock name: Stock of Duc Long Gia Lai Group Joint Stock Company
2) Stock type: common share
3) Par value: VND10,000/share
4) Offering volume: 199,186,117 shares
5) Issue value (based on par value): VND1,991,861,170,000
6) Issue date: in 2016
7) Offering price: VND10,000/share
8) Exercise ratio: 1 : 0.908753344994017
9) Plan to deal with unsold shares: The unsold shares will be offered to other investors at a price not lower than the price offered to the existing shareholders.
10) Plan for the use of proceeds from the public offering:
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No.
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Project
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Amount
(VND)
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1
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Raise capital in Duc Long Gia Lai Real Estate Business and Investment Joint Stock Company
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600,000,000,000
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2
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Raise capital in Duc Long Gia Lai Construction Investment Joint Stock Company
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300,000,000,000
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3
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Invest in Quang Phu Hi-tech Cattle Farms
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800,000,000,000
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4
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Raise DLG’s working capital
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291,861,170,000
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|
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Total
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1,991,861,170,000
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Article 2: For the shares worth VND200 billion for the purpose of mergers and acquisitions of agriculture companies, which was approved by the 2016 annual general meeting, the Board will seek shareholders’ approval for the implementation after receiving the decision from the People’s Committee of Gia Lai province. HOSE
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