On September 26, the Board of Directors of Hoang Anh Gia Lai Joint Stock Company approved to continue the private placement of shares to raise its capital, as follows:
- Stock: Stock of Hoang Anh Gia Lai Joint Stock Company
- Stock type: common stock
- Par value: VND10,000/share
- Offering price: VND10,500/share
- Offering volume: 161,904,760 shares
- Restriction period: 01 year from the finish of the offering
- Estimated proceeds: VND1,699,999,980,000.
- Estimated offering time: in 2022.
The Board of Directors decided to adjust the plan for capital usage from the private placement, as follows:
|
No.
|
Item
|
Estimated disbursed amount
|
|
1
|
To raise funds by lending the subsidiary Hung Thang Loi Gia Lai Co., Ltd.
|
799,999,980,000
|
|
2
|
To raise funds by lending the subsidiary Lo Pang JSC to invest in fruit-growing projects
|
400,000,000,000
|
|
3
|
To pay the principal of bonds issued on 12/30/2016 (code: HAGLBOND16.26)
|
500,000,000,000
|
|
|
Total
|
1,699,999,980,000
|
The Board of Directors approved the applicant dossier for the private placement.