The Board resolution dated March 10, 2023, the BOD of 577 Investment Corporation approved the following contents:
1) Approved the share issuance plan to existing shareholders:
- Outstanding volume: 100,159,795 shares
- Issue ratio: 50%
- Offering volume: 50,079,897 shares
- Par value: VND10,000/share
- Issue price: 15,000 dongs/share
- Expected total proceeds: VND751,198,455,000
- Total proceeds from the issuance will be used the following purposes:
|
No.
|
Content
|
Value (VND)
|
Estimated disbursement time
|
|
1
|
To supplement capital for Son Tinh – Quang Ngai residential area project
|
422,415,793,941
|
2023
|
|
2
|
To supplement capital for De Lagi – Binh Thuan residential area project.
|
328,782,661,059
|
2023
|
|
|
Total
|
751,198,455,000
|
|
2) Approved the dossier of registration for the share issuance to existing shareholders.