PC1: Report on the use of capital (Phase 3) Power Construction Joint Stock Company announces the use of capital from private offering as follows:
1) Result of private placement:
- Name of stock: Stock of Power Construction Joint Stock Company
- Stock type: common stock
- Par value: VND10,000/share
- Quantity of shares for the public offering: 11,480,718 shares
- Total net mobilized capital: VND378,793,694,000
- Beginning date: September 06, 2016
- Ending date: September 10, 2016
2) Plan of capital use:
- Plan: The proceeds from private placement will be used to invest in Bao Lam 3 Hydropower Project.
- Project progress:
- The proceeds which was disbursed to Bao Lam 3 Hydropower Project until the present: VND375,248,108,352.
- The remaining proceeds: VND3,545,585,648.
- Bao Lam 3 Hydropower Project was finished and went into operation from December 2017.
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