Song Da Trading and Transport JSC has disclosed the results of its Extraodinary Meeting of Shareholders. The following resolutions were approved:
1. Seasoned issue plan
- Total volume of shares to be offered: 7,000,000 shares
- Stock type: Common stock
- Par value: VND 10,000
- Total value of sharse to be offered: VND 70,000,000,000
- New Charter Capital: VND 150,000,000,000
- Offer for outstanding shareholders:
+ Volume of shares to be offered: 4,000,000 shares
+ Exercise rate: 2 : 1 (Shareholder entitle to buy 1 new share for every 02 shares they own)
+ Total value of sold shares: VND 48,000,000,000
- Offer for partners:
+ Volume of shares to be offered: 3,000,000 shares
+ Price: VND 15,000/share
+ Total value of sold shares: VND 45,000,000,000
2. Depositing at VSD and listing on HNX
3. Operating result of first 9 months 2010:
- Revenue: VND 689,114,859,614
- Profit before tax: VND 23,175,286,016
4. Change in company’s policy
5. Implement projects of company.