On September 06, 2018, the BOD of The PAN Group Joint Stock Company announces the plan the private placement of shares as follows:
- Stock name: The PAN Group Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs
- Offering method: private placement
- Charter capital: VND1,202,016,300,000
- Number of shares issued: 120,201,630 shares
- Number of outstanding shares: 120,201,630 shares
- Number of shares expected to be issued: 14,861,818 shares
- Total value (based on par value): VND148,618,180,000
- Number of listing shares after the issuance: 135,063,448 shares
- Total value after the issuance (based on par value): VND1,350,634,480,000
- Offering price: no less than VND55,000/share
- Plan for capital use: Total the proceeds from the offering expects about VND817,400,000,000 that this amount will be used to invest the capital contribution for increasing the ownership ratio at the member companies and to implement M&A projects.
- Expected issue time: Q3.2018 or Q4.2018.