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TTE: Board resolution on the use of bond capital The Board of Directors of Truong Thinh Energy Investment Joint Stock Company approved the plans for the use of bond capital as follows:
1) Buying shares from an existing shareholder of Huoi Vang – Thanh Buoi Hydropower JSC.
- Buying volume: 4,800,000 shares (38.4% of the target company)
- Buying price: VND11,000/share
- Transfer value: VND52,800,000,000
2) Buying shares from an existing shareholder of Da Den Hydropower Investment JSC.
- Buying volume: 3,870,000 shares (43% of the target company)
- Buying price: VND20,000/share
- Transfer value: VND77,400,000,000
3) Buying shares from an existing shareholder of Binh Thuy Lam Dong Hydropower JSC.
- Buying volume: 5,362,500 shares (31.18% of the target company)
- Buying price: VND160,000/share
- Transfer value: VND85,800,000,000
4) Restructuring TTE’s loans and investing in Trung Viet Co., Ltd.:
- Investing in Trung Viet Co., Ltd.: VND25,500,000,000;
- Restructuring TTE’s loans: VND8,500,000,000. HOSE
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