The Board resolution dated October 14, 2022, the BOD of Kinh Bac City Development Holding Corporation approved to implement rights to buy the additional issuance shares of Sai Gon Telecommunication & Technologies Corporation (SGT) with details as follows:
- Stock name: Sai Gon Telecommunication & Technologies Corporation
- Stock code: SGT
- Stock type: common share
- Par value: VND10,000/share
- Expected offering volume: 74,001,604 shares
- Offering price: VND10,000/share
- Exercise ratio: 1:1 (Those who 01 share will receive 01 right, and with every 01 right will be entitled to purchase 01 new share).
- Number of SGT shares owned by KBC before the purchase: 15,896,923 shares
- Number of shares expected to be bought: 15,896,923 shares
- Number of SGT shares owned by KBC after the purchase: 31,793,846 shares
- Total value: VND158,969,230,000
- Time for subscription and payment: from October 20, 2022 to October 24, 2022.