CMG: Change of the plan for the use of proceeds from the bond issuance
CMG: Change of the plan for the use of proceeds from the bond issuance
CMC Corporation announces the adjustment of the use of proceeds from the private placement of VND300 billion bonds as follows:
- The issuer will use VND100 billion from the private placement to finance the issuer’s business operations and raise capital to the wholly-owned limited companies as follows:
- The issuer will contribute an additional amount of VND40 billion to CMC Technology and Solutions Co., Ltd.; and
- The issuer will contribute an additional amount of VND60 billion to CMC Global Co., Ltd. Of which, the bond capital will be used to refund a part of contributed capital and the capital expected to be invested in 2019.
HOSE