The Board resolution dated October 26, 2022, the BOD of GELEX Group Joint Stock Company approved the following contents:
1. Approved the plan to offer the convertible dividend preference shares:
- Stock name: GELEX Group Joint Stock Company
- Stock code: GEG
- Stock type: convertible dividend preference shares
- Par value: VND10,000/share
- Charter capital before the offering: VNDVND3,219,369,020,000
- Number of outstanding shares: 321,936,902 shares
- Offering volume: 64,200,000 shares
- Total value (at par value): VND642,000,000,000
- Estimated charter capital after the offering: VND3,861,369,020,000
- Estimated outstanding volume: 386,136,902 shares
- Offering method: private placement
- Offering price: VND10,000/share
- Convertible price: no less than the book value
- Estimated mobilized amount: VND642,000,000,000
- Quantity of investors: 10 professional securities investors
- Time for transfer restriction: 01 year from the ending of the offering.
2. Approved the plan for using capital from the offering:
Total proceeds from the offering will be used for the following purposes:
|
No.
|
Content
|
Amount (VND)
|
Estimated execution time
|
|
1
|
To contribute capital in VPL Energy JSC to implement VPL Ben Tre Plant – phase 2 project.
|
321,190,360,000
|
Quarter 1/2023 – Quarter 2/2023
|
|
2
|
To contribute in TTC Duc Hue – Long An Power JSC to implement TTC Duc Hue 2 Solar Power Plant project
|
239,817,120,000
|
Quarter 1/2023 – Quarter 2/2023
|
|
3
|
To supplement working capital
|
80,992,520,000
|
Quarter 1/2023 – Quarter 2/2023
|
|
|
Total
|
642,000,000,000
|
|