NKG: Board approves to issue 6 million shares to a strategic partner

Nam Kim Steel Joint Stock Company announced Board Resolution No.04/2016 dated August 01, 2016 with main contents below:

1)    The Board of Directors approved to issue 6,000,000 shares to Unicoh Specialty Chemicals Co., Ltd. (Address: 25, Seoman-ro 46beon-gil, Nam-gu, Pohang-si, Gyeongsangbuk-do, Korea) at VND22,300/share. These shares will be restricted within 01 year from the ending date of offering.

2)    The Board of Directors approved to acquire 100% stake of Nam Kim Steel Pipe Joint Stock Company, as follows:

-          Target company: Nam Kim Steel Pipe Joint Stock Company

-          Address: Lot C2-16 to Lot C2-20, Road VL1, Vinh Loc 2 Industrial Park, Long Hiep ward, Ben Luc district, Long An province, Viet Nam.

-          Legal representative: Bui Thi Xuan Trang

-          Charter capital: VND60 billion.

HOSE

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