GVR: Decision on the beginning price of divestment in SIP

On November 24, 2020, the Board of Directors of Viet Nam Rubber Group - Joint Stock Company (HOSE: GVR) decided the beginning price of divestment in Sai Gon VRG Investment Joint Stock Company (Upcom: SIP) according to valuation certificate to be 97,500 dongs/share.

The Board of Directors approved a plan for selling stake in Sai Gon VRG Investment Joint Stock Company as follows:

-          Owner: Viet Nam Rubber Group - Joint Stock Company

-          Consulting firm: Vietcombank Securities Company Ltd – Ho Chi Minh Branch

-          Target company: Sai Gon VRG Investment Joint Stock Company (Upcom: SIP)

-          Number of SIP shares owned by Viet Nam Rubber Group - Joint Stock Company: 10,740,944 shares

-          Offering volume : 10,740,944 shares

*  Offering volume for Phase 1: 9,339,952 shares;

*  Offering volume for Phase 2: 1,400,992 shares (these are bonus shares will be offered after completing the valuation and deciding a beginning price as prescribed).

-           Beginning price for Phase 1: 97,500 dongs/share

Trading method: order-matching or put-through. 

HOSE

>   TPB: Notification of transaction of a related person (DOJI) (04/12/2020)

>   SMC: Board resolution on land lease (04/12/2020)

>   VDS: Purchasing more than 51 percent of VDFM (04/12/2020)

>   CIG: Board resolution on debt clearing (04/12/2020)

>   CIG: Board resolution on debt clearing (04/12/2020)

>   VDSC: Announcement of the record date for transferring rights (04/12/2020)

>   VDSC: Purchasing more than 51 percent of VDFM (04/12/2020)

>   SVI: BOD approved the contents of EGM 2020 (04/12/2020)

>   TVB: Adjustment of Establishment and Operation License (04/12/2020)

>   TVB: Adjustment of Establishment and Operation License (04/12/2020)