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FDC: Report on the use of proceeds from public offering Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FIDECO) announces the use of proceeds from the public offering as follows:
- I. Result of public offering:
- Name of stock: Stock of Foreign Trade Development and Investment Corporation of Ho Chi Minh City
- Stock type: common stock
- Par value: VND10,000/share
- Offering volume: 6,371,602 shares
- Total mobilized capital: VND122,122,370,000.
- Beginning date: August 14, 2013
- Ending date: September 18, 2013
- Plan for the use of proceeds from the offering:
- The progress of the plan that was announced in the prospectus:
By: VND
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Project
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Plan for use of proceeds
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The sand mining and stone mining project in Tan Duc industrial zone
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62,122,370,000
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The East Binh Duong urban-trade service and residential area project
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60,000,000,000
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Total
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122,122,370,000
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- The progress of projects: The property market has faced challenges, so FIDECO could not continue the implementation of the two projects and divested the two projects above.
- Changes and adjustments:
- On March 19, 2014, FIDECO sent the report on the use of proceeds from public offering to the State Securities Commission. In which, the Corporation declared that the 2014 annual general meeting, which held on March 18, 2014, approved to allow the Corporation to change the purpose of use of VND122,122,370,000 to build an office building at 28 Phung Khac Khoan Street, District 1, Ho Chi Minh City.
The Company started the office building at 28 Phung Khac Khoan Street, District 1, Ho Chi Minh City on November 28, 2020. HOSE
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