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PC1: Board resolution on the implement of private placement According to the Board resolution dated September 13, 2017, the Board of Directors of Power Construction Joint Stock Company approved the implementation of private placement as follows:
1) Plan for private placement in 2017:
- Name of stock: Stock of Power Construction Joint Stock Company
- Stock type: common stock
- Par value: VND10,000/share
- Number of shares at present: 97,841,320 shares
- Number of outstanding shares: 97,840,888 shares
- Number of treasury shares: 432 shares
- Maximum number of shares for private placement: 17,611,522 shares (15.254% of charter capital after issuance)
- Total expected issue value: VND176,115,220,000.
- Issue method: private placement
- Charter capital after issuance: VND1,154,528,420,000.
- Restriction period: 01 year
- The shares refused to buy by investors will be offered to other objects by the Board of Directors.
- Issue price:
- Expected highest issue price: VND35,000/share
- Expected lowest issue price: VND30,000/share
- Issue date: in 2017.
2) Plan for the use of capital from private placement:
After the private placement, the proceeds will be used to raise funds for Mong An Hydropower Project (Bao Lam 4), Bal Lac B Hydropower Project (Bao Lam 2A) and Thanh Xuan Real Estate Project. The proceeds is calculated based on the issue of VND30,0000/share.
- Mong An Hydropower Project (Bao Lam 4): VND216,621,720,600 (41% of the proceeds);
- Bal Lac B Hydropower Project (Bao Lam 2A): VND137,369,871,600 (26% of the proceeds);
- Thanh Xuan Real Estate Project (44 Trieu Khuc): VND174,354,067,800 (33% of the proceeds). HOSE
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