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THG: Resolution on public offering Tien Giang Investment and Construction Joint Stock Company announced the Board resolution dated June 22, 2016 as follows:
Article 1: The Board approved to implement plans for issuing new shares to raise its charter capital
- To issue bonus shares in order to raise capital from the owner’s equity:
1) Stock name: Stock ofGemadept Corporation
2) Stock code: THG
3) Stock type: common share
4) Par value: VND10,000/share
5) Expected issue volume: 1,000,000 shares
6) Exercise ratio: 10% (Those who own 10 shares will receive 01 new share.)
7) Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares (if any) will be cancelled.
8) Financial resource: the capital surplus
9) Time of implementation: in 2016
- To issue shares to the existing shareholders:
1) Stock name: Stock ofGemadept Corporation
2) Stock code: THG
3) Stock type: common share
4) Par value: VND10,000/share
5) Expected issue volume: 1,000,000 shares
6) Time of implementation: in 2016
7) Selling price: VND15,000/share
8) Exercise ratio: 10:1 (Those who own 10 shares will receive 01 purchase right. And, with every 01 purchase right, he or she will be entitled to buy 01 new share.)
9) Transference principle: the right should be transferred only once at the price agreed by 2 partners and not done again to the third one. The new shares will be restricted in 01 year from the ending date of stock issuance.
III. All proceeds from the stock issuance, about VND15 billion, will be used to raise the Company’s working capital.
Article 2: The Board approved to choose Baoviet Securities Joint Stock Company as a consulting company for the stock issuance in 2016. HOSE
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