According to the Board resolution dated November 11, 2021, the Board of Directors of BKG VietNam Investment Joint Stock Company approved the following issues:
Article 1: Approving to purchase the shares of Cat Tuong Thien Mai Chau Joint Stock Company:
1) Information on the target company:
- Company name: Cat Tuong Thien Mai Chau Joint Stock Company
- Head office: Mo Hamlet, Chien Chau Commune, Mai Chau District, Hoa Binh Province
- Charter capital: VND300 billion
- Project: Tong Dau – Mai Chau Resort Project
2) Information on the stock:
- Estimated buying volume: 18,000,000 shares
- Estimated buying price: VND10,000/share
- Total estimated buying value: VND180 billion
- Owning volume after trading: 18,000,000 shares (60% of Cat Tuong Thien Mai Chau Joint Stock Company)
- Trading time: after the Company completes the private placement of shares.
Article 2: Approving to implement the private placement of shares which was adopted by the Extraordinary General Meeting of Shareholders on October 26, 2021.
Plan for the proceeds from the private placement:
- To increase capital in BKG Tan My Co., Ltd. to implement BKG Vietnam Wood Factory Complex Project: VND110 billion;
- To buy shares at Cat Tuong Thien Mai Chau Joint Stock Company to invest in Tong Dau – Mai Chau Resort Project: VND180 billion
- To increase the working capital: VND10 billion;
- Total expected mobilized capital: VND300 billion.