On September 17, 2018, the BOD of Century Synthetic Fiber Corporation approved to plan the use of capital from the public offering as follows:
Content
Expected amount (VND)
Expected time
Total proceeds from the public offering
Funding for the Trang Bang 5 project:
59,937,800,000
from November 2018 to June 2019.
- Investment in factory expenses
45,136,472,000
- to purchase the machine and equipment
14,801,328,000
- In the course of implementation of the plan, if the actual conditions change, the Board of Directors will adjust details of the capital use plan in line with the actual situation, ensuring the purpose of capital use which has been approved by the General Meeting of Shareholders.