|
TTF: BOD resolution on the private placement of shares The Board resolution dated June 24, 2021, the BOD of Truong Thanh Furniture Corporation approved the private placement of shares in 2021 as follows:
1. Approving the private placement plan in 2021:
- Stock name: Truong Thanh Furniture Corporation
- Stock type: preferred share
- Par value: 10,000 dongs/share
- Issuance form: private placement
- Issuance purpose: to supplement working capital, debt restructuring.
- Number of shares issued: 311,198,302 shares
- Number of shares expected to be issued: 59,465,763 shares
- Offering price: VND10,000/share
- Total proceeds from the offering (estimated): 594,657,630,000 VND
- Dividend level: 12%/year
- These shares will be restricted in 01 year from the issue date.
- Time of implementation: after being approved by the State Securities Commission of Vietnam (SSC).
2. Approving the debt swap stock issuance plan:
- Stock name: Truong Thanh Furniture Corporation
- Stock name: Truong Thanh Furniture Corporation
- Stock type: preferred share
- Par value: 10,000 dongs/share
- Issuance form: private placement
- Issuance purpose: to swap existing debt
- Number of shares issued: 311,198,302 shares
- Number of shares expected to be issued to swap: 40,534,237 shares
- Creditor: Bui Hong Minh
- Value of swap debt: 405,342,370,000 VND
- Number of shares expected to be swapped to the creditor: All issued shares were exchanged for one creditor who is Mr. Bui Hong Minh.
- Swap ratio: debt swap ratio: VND10,000 : 01 share (10,000 VND of debt is exchanged for 01 preferred share)
- Value of the company's remaining debt to Mr. Bui Hong Minh after successful debt swap: 0 VND
- Distribution plan: direct distribution to creditors
- Dividend level: 6.5%/year
- Preferential dividend period: from the date of issue until all preferred shares are converted into common shares.
- Transfer restriction: preferred shares will be restricted in 01 year from the issue date.
- Time of implementation: after being approved by the State Securities Commission of Vietnam (SSC)
HOSE
|
