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CMG: BOD approves to plan the private placement of shares On July 08, 2019, the Board of Directors of CMC Corporation approved the plan for private placement of shares as follows:
- Stock name: CMC Corporation
- Stock code: CMG
- Stock type: common share
- Par value: VND10,000/share
- Offering method: private placement
- Offering purpose: to issue shares to strategic shareholders.
- Number of shares expected to be offered: 25,000,000 shares
- Total value (based on par value): VND250,000,000,000
- Offering price: no less than VND30,000/share
- Plan of use of capital: Total proceeds from the offering of VND750,000,000,000 will be used for:
+ To invest to the member companies: VND450,000,000,000;
+ To invest in technical infrastructure: VND300,000,000,000.
- Offering object: Samsung SDS Co. Ltd (or Samsung SDS Asia Pacific Pte. Ltd – is subsidiary of Samsung SDS.)
- These shares will be restricted in 05 years from the finish date of the offering.
- Expected issue time: in Q2.2019 or Q3.2019 after being approved by the State Securities Commission of Vietnam (SSC).
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