VINGROUP Joint Stock Company announces the resolution of General Meeting of Shareholders dated March 25, 2019 as follows:
- Approving the plan for the private placement in 2019:
- Stock name: VINGROUP Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Offering volume: 250,000,000 shares
- Total value (based on par value): VND2,500,000,000,000
- Offering price: over 100,000 dongs/share
- Time of implementation: 2019
- These shares will be restricted in 01 year from the issue date
- Plan for use of capital: Total proceeds from the offering will be used for the following purposes:
+ To invest and contribute capital in subsidiaries: VND6,000 billion;
+ To liquidated the principal and interest debts of due loans: VND10,000 billion;
+ To supplement working capital for business activities: VND9,000 billion.
- Approving to register to deposit at the Vietnam Securities Depository (VSD) and list on the Hochiminh Stock Exchange (HOSE) for the new shares of the private placement.
- Approving to amend the company’s charter regarding new charter capital.
- Approving to increase its charter capital from the private placement.