CMG: BOD approves to plan the private placement of shares

CMG: BOD approves to plan the private placement of shares

On July 08, 2019, the Board of Directors of CMC Corporation approved the plan for private placement of shares as follows:

-       Stock name: CMC Corporation

-       Stock code: CMG

-       Stock type: common share

-       Par value: VND10,000/share

-       Offering method: private placement

-       Offering purpose: to issue shares to strategic shareholders.

-       Number of shares expected to be offered: 25,000,000 shares

-       Total value (based on par value): VND250,000,000,000

-       Offering price: no less than VND30,000/share

-       Plan of use of capital: Total proceeds from the offering of VND750,000,000,000 will be used for:

+ To invest to the member companies: VND450,000,000,000;

+ To invest in technical infrastructure: VND300,000,000,000.

-       Offering object: Samsung SDS Co. Ltd (or Samsung SDS Asia Pacific Pte. Ltd – is subsidiary of Samsung SDS.)

-       These shares will be restricted in 05 years from the finish date of the offering.

-       Expected issue time: in Q2.2019 or Q3.2019 after being approved by the State Securities Commission of Vietnam (SSC).

HOSE