HPG: Board approved stock issuance plan

Based on Resolution No.14/2017/NQ-HĐQT dated April 24, 2017, BODs of Hoa Phat Group Joint Stock Company approved stock issuance plan to raise charter capital as follows:

-          Stock name: Hoa Phat Group Joint Stock Company

-          Stock type: common share

-          Par value: 10,000 dongs/share

-          Number of shares issued: 1,264,255,417 shares

-          Number of outstanding shares: 1,264,146,117 shares

-          Number of shares expected to be issued: 252,829,223 shares

-          Issuing object: existing shareholders

-          Exercise ratio: 5:1 (shareholder who owns 05 shares will purchase 01 new share)

-          Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled

-          Issuing price: 20,000 dongs/share

-          Use of capital plan: the company will use 5,000 billion dongs to invest in project for Hoa Phat Dung Quat Steel Complex and the remaining capital to supplement for the company’s business activities.

-          Time of implementation: Q2.2017  

HOSE

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