KBC: Board resolution on a private placement of shares

According to the Board resolutions dated July 16, 2021, the Board of Directors of Kinh Bac City Development Holding Corporation approved the following issues: 

1)      Approving the plan for a private placement of shares in 2021.

-          Estimated issue volume: 100,000,000 shares

-          Estimated issue value at par value: VND1,000,000,000,000

-          Issue ratio: 21.3% on the outstanding volume

-          Issue method: private placement

-          Offering price: no less than VND28,000/share

-          Issue time: in 2021

-          Consulting firm: An Binh Securities Joint Stock Company

2)      Approving the plan for ensuring the foreign ownership limit.

3)      Approving the dossier of private placement in 2021.

4)      Approving to implement the capital increase plan from the owner’s equity until 12/31/2020 with an exercise ratio of 3:1.

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