FCN: Plan for increasing stake in Vinh Hao 6
The Board resolution dated March 12, 2019, the Board of Directors of Fecon Corporation approved to plan the capital increase to Vinh Hao 6 Energy Joint Stock Company (Vinh Hao 6) as follows:
- Number of additional shares: 7,650,000 shares, equivalent to VND76,500,000,000
- Total capital after transaction: VND121,500,000,000, equivalent to 12,150,000 shares, accounting for 30% charter capital of Vinh Hao 6.
- Time of implementation: Q1.2019 or Q2.2019.