TEG: BOD resolution dated October 12, 2021
TEG: BOD resolution dated October 12, 2021
The Board resolution dated October 12, 2021, the Board of Directors of Truong Thanh Energy and Real Estate Joint Stock Company approved the following contents:
1) Approving the use of capital from the public offering:
- Total proceeds from the offering: VND6,780,970,000
- Purpose: to supplement working capital for the company’s business activities.
2) Approving to receive the transfer of shares in Truong Thanh Energy Joint Stock Company:
- Transfer receiving volume: 28,717,359 shares; accounting for 63.82% of charter capital of Truong Thanh Energy Joint Stock Company.
- Total value (estimated): VND315,890,950,000
- Purchase price (estimated): VND11,000/share
- Transfer receiving time: expected in Quarter IV/2021.
After the purchase completes, Truong Thanh Energy and Real Estate Joint Stock Company will own 34,224.026 shares, accounting for 76.05% of charter capital of Truong Thanh Energy Joint Stock Company.
HOSE