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BVH: BVH to implement the plan for private placement of shares
HSX - 10/31/2019 2:01:00 PM
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Based on the Board resolution dated October 29, 2019, the Board of Directors of Bao Viet Holdings approved the plan for the private placement of shares in 2019 and the plan for the use of capital from the offering with the following details:

1. Approving the plan for private placement of shares in 2019:

-       Expected offering volume: 41,436,330 shares

-       These shares will be restricted in 01 year from the finish date of the offering.

-       Time of implementation: expected in Q4.2019 after being approved by the State Securities Commission of Vietnam (SSC).

-       To register to deposit at the Vietnam Securities Depository (VSD) and list on the Hochiminh Stock Exchange (HOSE) for new shares.

2. Approving the plan for the use of capital from the offering:

-       To raise capital to member companies: VND 2,500 billion;

-       To invest in information technology infrastructure: VND 200 billion;

-       To supplement working capital.

 

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