Tuesday, 24/01/2017 16:17

STG: Notice of the public tender offer for STG shares by GELEX

On December 30, 2016, South Logistics Joint Stock Company (short name: SOTRANS; stock code: STG) received the public tender offer from Vietnam Electrical Equipment Joint Stock Corporation (short name: GELEX). Accordingly, GELEX registered to purchase additional 22,300,000 shares, equivalent to 26.1% SOTRANS.

  1. Bidder: Vietnam Electrical Equipment Joint Stock Corporation (short name: GELEX)
  2. Target company: South Logistics Joint Stock Company
  3. Stock code: STG
  4. Number of shares currently owned by GELEX: 21,300,000 shares (24.93% of SOTRANS’s charter capital)
  5. Number of shares expected for purchase: 22,300,000shares (26.1% of SOTRANS’s charter capital)
  6. Bidding price: VND26,000/share
  7. Trading period: from January 25, 2017 to February 24, 2017
  8. Agent for purchase: Vietnam Bank for Industry and Trade Securities Joint Stock Company (VietinbankSc)

HOSE

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