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IDI: Resolution on change in use of capital International Development & Investment Corporation (IDI) announced Board Resolution No.0810 dated October 08, 2016 regarding change in use of capital from public offering as follows:
Plan for the use of capital according to Board Resolution No.1011 dated November 10, 2015:
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Purpose
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Amount (VND1,000,000)
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Invest in Trisedco (subsidiary)
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300,000
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Invest in Asia Fish Oil Corporatio - AFO (associated company)
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100,000
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Invest and expand material area to ensure 80% of plant capacity
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300,000
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Invest in Sao Mai Urban Area in Thot Not district, Can Tho city
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2,000
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Raise the working capital
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281,250
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Total
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983,250
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However, according to the report on result of public offering, the total proceeds are VND832,640,610,000, less than VND150,609,390,000. Therefore, the Board decided to change the investment plans as follows:
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Purpose
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Amount (VND)
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Invest in subsidiary Trisedco
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300,000,000,000
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Invest and expand material area
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300,000,000,000
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Raise the working capital
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232,640,610,000
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Total
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832, 640,610,000
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HOSE
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