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SGT: Approved the plan for public offering of shares
HOSE - 12/21/2021 5:39:00 PM
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On December 18, 2021, Sai Gon Telecommunication & Technologies Corporation issued a decision to approve the following contents:

Article 1: Approving to implement the plan for share public offering to existing shareholders for raising charter capital in 2021:

1)      Stock name: Sai Gon Telecommunication & Technologies Corporation

2)      Stock type: common share

3)      Par value: VND10,000/share

4)      Expected offering volume: 74,001,604 shares

5)      Total value (at par value): VND740,016,040,000

6)      Offering price (estimated): VND10,000/share

7)      Exercise ratio: 1:1 (Those who own 01 share will receive 01 right, and with every 01  right will be entitled to purchase 01 new share).

8)      Plan to deal with unsold shares: the unsold shares will be decided by the Board of Directors to distribute to other investors. These shares will be restricted in 01 year from the ending date.

9)      The rights should be transferred only once

10)  Time of implementation: expected in 2021, after being approved by the State Securities Commission of Vietnam (SSC).

Article 2: Approving the plan for using the proceeds from the offering:

Total proceeds from the offering will be used the following purposes:

-          To supplement working capital: 34,150,530,404 dongs

-          To restructure loans to improve capital autonomy and reduce the financial pressure for the Company: 705,865,509,596 dongs.

 

 

 

 

 

 

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