HAX: Board resolutions on a private placement of convertible bonds

Hang Xanh Motors Service Joint Stock Company announces the Board resolutions on a private placement of convertible bonds as follows:

1)      Board Resolution No.37 approving the conversion price; plan for the use of proceeds from the offering; information on professional investors; the detailed plan for the private placement.

• Bond code: HAXH2223001
• Offering volume: 1,800,000 bonds
• Par value: VND100,000/bond
• Offering value: VND180,000,000,000.
• Bond term: 18 months from the issue date
• Issue time: after getting the approval from the State Securities Commission, expected in Quarter I of 2022.
• Professional investors: Mirae Asset (Vietnam) Fund Management Company Limited.
• Conversion price: VND12,000/share.
• Conversion ratio: 12:100 (12 bonds will be converted to 100 shares)

2)      Board Resolution No.38 on temporarily locking the foreign ownership ratio.

-          Foreign ownership ratio required to be locked: 15.15%

-          Maximum foreign ownership ratio from the locking time: 34.85%

-          Time of adjustments (including adjusting the maximum foreign ownership ratio to 50%) will be announces after the authorities approves. 

3)      Board Resolution No.39 on approving the application dossier for the private placement.

HOSE

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