DLG: Board resolution on bond conversion On May 04, 2016, the Board of Directors of Duc Long Gia Lai Group JSC approved to convert bonds before maturity. These bonds were issued in 2015 and will be converted into DLG shares.
Here are detailed contents:
- Bond name: Bond of Duc Long Gia Lai Group JSC
- Bond type: convertible bond
- Issued volume: 5,000,000 bonds
- Par value: VND100,000
- Total issue value based on par value: VND500 billion
- Issue price: VND100,000
- Total issue value: VND500 billion
- Interest rate: 0%
- Term: 02 years
- Transfer restriction: 01 year from the issue date
- Object of conversion:
1) Thang Long Meritz Fund Management JSC
2) Mr. Vo Tan Thanh
- Conversion price: VND10,000/share
- Conversion ratio: 1:10 (Bondholders who own 01 bond will have rights to convert it into 10 shares.)
- The number of shares will be rounded down. The fractional shares (if any) will be cancelled.
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