Viet Phat Import Export Trading Investment Joint Stock Company announces Board Resolution No.11 dated September 19, 2019 as follows:
1. The Board of Directors approved to implement the public offering to the existing shareholders which was adopted by the 2019 Extraordinary General Meeting of Shareholders dated August 27, 2019.
− Stock: Stock of Viet Phat Import Export Trading Investment Joint Stock Company
− Stock type: common stock
− Par value: VND10,000/share
− Offering volume: 26,449,875 shares
− Selling price: VND10,000/share
− Estimated offering time: after receiving the certificate for public offering by the State Securities Commission.
− Total offering value: VND264,498,750,000.
− Total estimated mobilized capital: VND264,498,750,000.
− Subscription time: in Quarter IV.2019
− Transference principle: the share purchase rights should be transferred only once at the price agreed by 2 partners and not done again to the third one. However, the shares additionally issued are allowed to transfer.
2. The Board of Directors approved the documents of the public offering.
3. The Board of Directors approved the plan for capital allocation after the public offering:
|
No.
|
Item
|
Amount
(VND)
|
|
1
|
To pay bank loans
|
95,000,000,000
|
|
2
|
To pay for materials, goods
|
169,498,750,000
|
|
|
Total
|
264,498,750,000
|