HAX: Notice of stock issuance for stock swap 1) Issuer: Hang Xanh Motors Service Joint Stock Company (HOSE: HAX)
2) Form of offering: Hang Xanh Motors Service JSC will offer shares to swap for all outstanding shares for some investors who are the existing shareholders of PTM Automobile Service, Trading and Manufacturing JSC (HNX: PTM), via a public tender offer.
3) Name of target stock: Stock of PTM Automobile Service, Trading and Manufacturing JSC (HNX: PTM)
- Stock type: common stock
- Stock code: PTM
- Par value: VND10,000/share
- Number of shares registered for sale: 3,360,000 shares
- Swap ratio: PTM : HAX = 10:8 (10 PTM shares will be exchanged for 08 HAX shares)
- Subject of swap: all investors who own shares of PTM Automobile Service, Trading and Manufacturing JSC at the time of swap.
4) Number of shares expected for purchase: 4,200,000 shares (100% of total outstanding shares)
5) Purpose of public tender offer: After the acquisition, HAX will become a parent company of PTM.
6) Time for public tender offer: from August 15, 2016 to September 16, 2016
7) Time for completion of tender offer: in September 2016
8) Time for completion of stock issuance: in October 2016
9) Agent for purchase: VnDirect Securities Corporation (VNDS) HOSE
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