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FIT: Report on use of proceeds
HNX - 8/11/2015 2:54:00 PM
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On 06 Jul 2015, F.I.T Investment Joint Stock Company announced the report on use of proceeds as follows:

Issuer: F.I.T Investment Joint Stock Company

Trade name: F.I.T Investment Joint Stock Company

Headquarter address: 16th floor, Center Building, Hapulico at No. 01 Nguyen Huy Tuong, Thanh Xuan District, Ha Noi

Tel: 84 4 7304 9688                                        Fax: 84 4 7304 4686

Business Registration Certificate No. 0102182140 issued by Hanoi Authority for Investment and Planning for the first time on 08 Mar 2007 with 21st change on 20 Jun 2015

I. Details of the offering:

Carrying out the General Mandate 2014, based on Board resolution No. 31-1/ 2014/ NQ – HDQT/ F.I.T Investment Joint Stock Company dated 21 Nov 2014, Board resolution No. 01/ 2015/ NQ – HDQT dated 14 Jan 2015 and No. 05/ 2015/ NQ – HDQT dated 04 Feb 2015, Offering Registration Certification No. 7009/ UBCK – QLPH dated 19 Dec 2014 of State Securities Commission, from 06 Jan 2015 to 07 Feb 2015, F.I.T Investment Joint Stock Company carried out the dividend payment by shares and offering shares to outstanding shareholders to raise charter capital from VND 517,124,930,000 to VND 892,124,880,000

From 06 Jan 2015 to 07 Feb 2015, the Company completed the issue of 37,499,995 shares as follows:

- Dividend payment by shares: 7,499,818 shares, equivalent to VND 74,998,180,000

- Total proceeds: VND 300,001,770,000

- Total expenses of the issue: VND 120,000,000

- Total net proceeds: VND 299,881,770,000  

II. Plan for use of the proceeds:

The proceeds is used to supplement the working capital of the Company as follows:

Purpose
    

Amount (VND)

Investing in subsidiaries, joint-ventures
    

205,567,895,000

- Investing in Can Tho Agricultural Materials and Technology Joint Stock Company
    

205,567,895,000

Supplement the working capital of the Company to serve the business, operation expansion
    

94,313,875,000

Total
    

299,881,770,000

 

III. Situation of using the proceeds

Based on the real business, the proceeds, the Company used all the above amount as follows:

Purpose
    

Amount (VND)

Investing in subsidiaries, joint-ventures
    

256,528,370,000

- Investing in Can Tho Agricultural Materials and Technology Joint Stock Company
    

236,619,200,000

- Investing in Sao Nam Commerce and Services Joint Stock Company
    

19,909,170,000

Supplement the working capital of the Company to serve the business, operation expansion
    

43,353,000,000

Total
    

299,881,770,000

 

- Reasons for the adjustment:

+ For the investment in Can Tho Agricultural Materials and Technology Joint Stock Company (TSC): In order to ensure the ownership rate in one of the prosperous companies, F.I.T Investment Joint Stock Company carried out the purchase right in line with the issue plan of TSC, which led to the change.

+ For the investment in Sao Nam Commerce and Services Joint Stock Company:  The investment was in the plan for 2nd capital increase in 2014. However, it was not appropriate to invest by that time, so F.I.T Investment Joint Stock Company did not contribute capital to this company. At present, the Company realizes the large potential in the cosmetics industry, so F.I.T Investment Joint Stock Company decided to invest in Sao Nam Commerce and Services Joint Stock Company

- The whole proceeds has been used up so far

- Board of Directors will report to the shareholders related to the adjusted plan for use of proceeds at the latest annual General Meeting of Shareholders 
Attached File:  
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