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THG: Plan for stock offering to existing shareholders The Board resolution dated July 25, 2022, the BOD of Tien Giang Investment and Construction Joint Stock Company approved the implementation of planning stock offering to existing shareholders with details as follows:
- Stock name: Tien Giang Investment and Construction Joint Stock Company
- Stock type: common share
- Stock code: THG
- Charter capital before the offering: VND199,638,930,000
- Number of shares issued: 19,963,893 shares
- Number of outstanding shares: 19,963,893 shares
- Number of shares expected to be offered: 1,996,389 shares
- Total value (at par value): VND19,963,890,000
- Charter capital after the offering (estimated): VND219,602,820,000
- Issue rate: 10:1 (Those who own 01 share will receive 01 right, and with every 10 rights will be entitled to purchase 01 new share).
- Offering price: VND27,000/share
- Time of implementation: expected in Quarter III/2022 or Quarter IV/2022, after being approved by the State Securities Commission of Vietnam (SSC).
- The rights should be transferred only once.
- Plan to deal with fractional shares and unsold shares: The distributed shares will be rounded down to units. The fractional shares and unsold shares (if any) will be decided by the Board of Directors to distribute to other investors with the selling price of VND27,000/share.
- For example: At the record date, the shareholder A owns 125 shares. With performing ratio 10:1, the shareholder A will purchase: 125*1/10 = 12.5 shares. According to rounding policy, the shareholder A will purchase 12 new shares and the fractional shares of 0.5 share will be sold with 27,000 dongs/share.
- Total proceeds from the offering of VND53,902,503,000 (estimated) will be used to supplement working capital for the Company’s business activities
- Foreign investors ownership ratio at THG: 49%.
HOSE
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