The Board resolution dated January 19, 2022, the BOD of F.I.T Group Joint Stock Company approved the amendment, supplement to the plan for using capital from the offering with details as follows:
According to the General Meeting of Shareholders approved, the proceeds from the offering of VND509,460,490,000 after deducting the issuance costs, the remaining amount will be used to supplement working capital for the company’s business activities and increase capital for the member companies. Details are as follows:
No.
Content
Amount (VND)
Estimated disbursement time
I
To increase capital for subsidiaries
248,048,060,000
1
Techno - Agricultural Supplying Joint Stock Company
202,143,070,000
Q1/2022-Q2/2022
2
F.I.T Land Investment Joint Stock Company
45,904,990,000
II
To supplement working capital for business activities
261,412,430,000
To pay the investment cooperation for Mui Dinh Ecopark Joint Stock Company
106,000,000,000
QI/2022-QII/2022
To supplement capital for securities business activities
155,412,430,000
Total
509,460,490,000