|
HBC: Board resolution on the private placement On April 17, 2019, the Board of Directors of Hoa Binh Construction Group Joint Stock Company approved the plan for stock issuance to raise its charter capital as follows:
- Stock name: Hoa Binh Construction Group Joint Stock Company
- Stock code: HBC
- Par value: 10,000 dongs/share
- Stock type: common share
- Offering method: private placement
- Offering purpose: to supplement its business activities.
- Current charter capital: VND1,960,749,770,000
- Number of outstanding shares: 196,074,977 shares
- Expected outstanding volume after the issue: 205,878,725 shares
- Number of shares expected to be offered: 25,000,000 shares
- Total value (based on par value): VND250,000,000,000
- Expected listing volume after the issue: 230,878,725 shares
- Total value (based on par value): VND2,308,787,250,000
- Offering price: VND23,000/share
- Plan for use of capital:
+ To supplement working capital for construction activities;
+ To buy the machine and equipment for production activities;
+ To expand the business activities to foreign markets.
- Offering target: Hyundai Elevator Co., Ltd
- These shares will be restricted in 01 year from the finish date of the offering.
- Time of implementation: expected in 2019.
HOSE
|
