The Board resolution dated November 14, 2022, the BOD of Dong A Hotel Group Joint Stock Company approved the change of the plan for using capital from the share private placement with details as follows:
1. Plan for using capital approved by the General Meeting of Shareholders and the Board of Directors:
The estimated proceeds from the issuance of VND500,000,000,000 will be used to supplement capital to expand the Company’s business investment activities. Here are the specifics:
No.
Content
Amount (VND)
1
To supplement capital for resort and ecotourism in Phuc Xuan commune, Thai Nguyen city project.
50,000,000,000
2
To supplement capital for repairing, upgrading to Dong A hotel
150,000,000,000
3
To supplement working capital
300,000,000,000
Total
500,000,000,000
2. Plan for using capital after change:
220,000,000,000
4
To buy shares of Green Island Joint Stock Company
80,000,000,000