On January 16, 2019, the Board of Directors of Development Investment Construction Joint Stock Corporation (DIC Corp) approved to withdraw the whole of stake in Central Minerals Construction Development Investment Joint Stock Company (DIC Micen) with the following contents:
- Offering stock: Central Minerals Construction Development Investment Joint Stock Company (DIC Micen)
- Par value: VND10,000/share
- Offering volume: 2,115,794 shares
- Offering method: put through (block shares)
- Total value (based on par value): VND21,157,940,000
- Block shares selling price: VND3,573,695,971 (equivalent to 1,689.05 dongs/share)
- Time of implementation: Q1.2019
- Offering condition:
+ The investor commits to pay DIC Corp all debts that DIC Micen owes to DIC Corp until December 31, 2018: VND14,066,304,029;
+ DIC Micen will stop using the DIC brand within 6 months from the date the two parties sign the transfer contract.
- Payment method:
+ Phase 1: The vendee must pay for DIC Corp with total amount of VND8,250,000,000 within 03 working days from the date of signing the contract.
+ Phase 2: The vendee must pay the remaining amount of VND 9,390,000,000 to the vendor within the next 30 days from the date of signing the contract.