Pan Group Joint Stock Company (HM:PAN) approves the implementation of the plan to issue shares to increase equity and offer to sell more shares to existing shareholders by exercising the right to buy.
It is expected that PAN will issue more than 86.54 million shares to increase charter capital from equity at the ratio of 5:2, respectively, shareholders owning 5 shares will enjoy 2 rights, 1 right will be get 1 new share. Capital used from share capital surplus according to the company's financial statements. These shares will not be subject to transfer restrictions.
In addition, the group plans to issue 108.18 million shares to existing shareholders at a ratio of 2:1, ie shareholders who own 2 shares will enjoy 1 right, 1 new share for every 1 right. . The asking price is 15,000 VND/share.
The remaining shares that have not been fully distributed to existing shareholders will be offered to other investors by the Board of Directors at a price not lower than the selling price to existing shareholders to ensure the maximum issuance of shares. expected to be offered for sale.
These shares will be restricted from being transferred for 1 year from the date of completion of the offering in accordance with regulations.
The total proceeds from the offering is nearly VND 1,623 billion, which is expected to be used by the PAN Group to invest in increasing the ownership rate in member companies that operate effectively, improving the overall benefits for the company. 825 billion dong);
M&A investment in new companies (400 billion dong); short and medium-term investment in safe investment products, with fixed interest rates in the capital market, money market, optimizing capital sources for the company (VND 100 billion).
