ITA: Board Resolution on Plan for Private Placement On February 24, 2016, the Board of Directors of Tan Tao Investment and Industry Corporation approved the implementation of private placement in order to clear debts as follows:
- Estimated offering volume: 100,038,758 shares
- Total offering value: VND1,000,387,580,000.
- Issue price: equal to the average market price in 05 consecutive trading sessions before the date of clearing and rounded to hundred. In case the issue price is lower than the par value (VND10,000/share), the issue price will be VND10,000/share.
- The date of clearing is the date when the State Securities Commission announces the approval for private placement.
- List of investors in the private placement:
No.
|
Investor
|
Estimated issue volume
(share)
|
Issue value
(VND)
|
1
|
Ban Mai Media Entertainment and Production JSC
|
30,152,229
|
301,522,290,000
|
2
|
Kien Luong Production and Construction Co., Ltd.
|
37,999,799
|
379,997,990,000
|
3
|
Saigon Mekong Urban Investment JSC
|
31,886,730
|
318,867,300,000
|
|
Total
|
100,038,758
|
1,000,387,580,000
|
- Transfer restriction: in 01 year from the ending date of private placement.
- Time of implementation: in Quarter 1/2016
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Reason: The day of February 04, 2016 is the date of report on result of public offering. However, on that day TNT had not signed any contract with the audit company to audit the proceeds of public offering. Therefore, this cost did not arise on that day. HOSE
|