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TLG: BOD resolution on the plan for private placement of shares The Board resolution of Thien Long Group Corporation dated November 12, 2018 approving the plan for private placement of shares with the following issues:
1. Approving the plan for private placement of shares:
- Stock name: Thien Long Group Corporation
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 65,722,853 shares
- Number of outstanding shares: 65,722,853 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 5,000,000 shares
- Issue price: is not lower than VND50,000/share
- Total value (based on par value): VND50,000,000,000
- Issue rate: 7.61%
- Transfer restriction: These shares will be restricted in 01 year from the finish date of the issue
- How to deal with fractional shares: the shares refused to buy (if any) will be decided by the Board of Directors with the selling price is not lower than VND50,000/share and the number of investors in the private placement does not exceed 99 investors.
- Time of implementation: expected in Q4.2018 or 2019.
2. Approving the plan for the use of proceeds from the issuance:
- Expected total proceeds of VND250 billion will be used to supplement working capital and invest in the machine and equipment; including:
+ To invest in the machine and equipment: VND100 billion;
+ To supplement working capital: VND150 billion.
HOSE
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