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HAG: Board resolution on issuing shares through private placement On September 26, the Board of Directors of Hoang Anh Gia Lai Joint Stock Company approved to continue the private placement of shares to raise its capital, as follows:
- Stock: Stock of Hoang Anh Gia Lai Joint Stock Company
- Stock type: common stock
- Par value: VND10,000/share
- Offering price: VND10,500/share
- Offering volume: 161,904,760 shares
- Restriction period: 01 year from the finish of the offering
- Estimated proceeds: VND1,699,999,980,000.
- Estimated offering time: in 2022.
The Board of Directors decided to adjust the plan for capital usage from the private placement, as follows:
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No.
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Item
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Estimated disbursed amount
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1
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To raise funds by lending the subsidiary Hung Thang Loi Gia Lai Co., Ltd.
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799,999,980,000
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2
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To raise funds by lending the subsidiary Lo Pang JSC to invest in fruit-growing projects
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400,000,000,000
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3
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To pay the principal of bonds issued on 12/30/2016 (code: HAGLBOND16.26)
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500,000,000,000
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Total
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1,699,999,980,000
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The Board of Directors approved the applicant dossier for the private placement.
HOSE
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