RDP: BoD approves plan for public offering

On April 15, 2016, the Board of Directors of RangDong Plastic Joint-Stock Company approved the plan for public offering as follows:

-          Stock type: common share

-          Par value: VND10,000/share

-          Estimated offering volume: 4,714,800 shares

-          Total estimated offering value: VND47,148,000,000.

-          Exercise ratio: 1:0.26 (Those who own 01 share will have the right to buy 0.26 new share.)

-          Issue price: the average price of 10 trading dates before the ex-date with a minimum discount of 30%.

-          Plan for capital allocation: The total estimated proceeds of VND94,296,000,000 will be used to invest in Rang Dong – Long An Plastic Plant and to raise the working capital.

-          Time of implementation: in Quarter 1 or Quarter 2.2016.  

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