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BWE: BOD resolution on the result of stock offering to raise capital The Board resolution dated October 28, 2020, the BOD of Binh Duong Water Environment Joint Stock Company approved the following issues:
1) Approving the result of stock offering to raise its charter capital:
- Number of distributed shares: 37,500,000 shares
- Number of distributed investors: 19 investors
- Total proceeds from the offering: 964,297,364,000 dongs
- Total expenses: 355,000,000 dongs
- Total proceeds after deducting service fee for the offering plan: 963,942,364,000 dongs.
2) Approving the purpose of capital use from the offering:
- Total amount to invest in the purpose of capital use submitted to the General Meeting of Shareholders and the State Securities Commission of Vietnam (SSC): 814,202,623,422 dongs.
- Difference between total actual proceeds compared with the total amount expected to invest in the purpose of capital use: 149,739,740,578 dongs. The BOD decided to use this amount to supplement its working capital for production and business activities.
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