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CTF: Board approves to issue shares to the existing shareholders According to the Board resolution dated May 31, 2018, the Board of Directors of City Auto Corporation approved a public offering as follows:
- Current charter capital: 180,000,000,000 dongs
- Stock type: common stock
- Par value: VND10,000/share
- Number of outstanding shares: 18,000,000 shares
- Number of shares expected to be issued: 21,600,000 shares
- Total issue value: 216,000,000,000 dongs
- Issue date: Quarter II – Quarter III.2018
- Exercise ratio: 1:1.2 (Those who own 100 shares will receive 100 rights, and with every 100 rights they will be entitled to buy 120 new shares.)
- Selling price: 10,000 dongs/share
- The shares distributed to each shareholder will be rounded down. The fractional shares and the shares which are refused to buy by the existing shareholders (if any) will be offered to other investors. These shares will be restricted within 01 year from the finish date of the offering.
- Plan for the use of proceeds from the public offering:
Unit: dong
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Plan
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Amount
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Total expected proceeds
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216,000,000,000
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Of which:
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- To increase the working capital
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16,000,000,000
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- To invest in showrooms of the Company
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200,000,000,000
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HOSE
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