ANNOUNCEMENT SALE OF STATE CAPITAL INVESTMENT CORPORATION’S SHARES AT LAO CAI NEWSPAPER PRINTING JSC
- Le Kim Chi
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ANNOUNCEMENT
SALE OF STATE CAPITAL INVESTMENT CORPORATION’S SHARES AT LAO CAI NEWSPAPER PRINTING JSC
Based on the Decision dated March 12th 2020 of the State Capital Investment Corporation (SCIC) regarding the competitive offering of SCIC’s shares at Lao Cai Newspaper Printing Joint Stock Company, SCIC would announce the sale of shares as follows:
1. Issuing Company: Lao Cai Newspaper Printing JSC
2.Address: No 45, Muong Than Street, Kim Tan Ward, Lao Cai, Lao Cai Province
3.Tel.: (84-214) 3.840.070 Fax: (84-214) 3.842.168
4.Main business lines: Printing. Details: Newspaper, magazines and other press publications in accordance with the law on newspaper and other printing products, etc. Export of printing supplies, equipments, papers and packaging.
5.Charter capital: 4.684.410.000 VND
6.Number of outstanding shares: 468.441 shares
7.Par value share: 10.000 VND/share
8.Number of shares for competitive offering: 456.141 shares (equivalent to 97,37% of actual capital contribution)
9.Type of share: Ordinary share
10.Starting price: 11.500 VND/share
11.Requirement for investors: Organizations and individuals meeting conditions according to regulation at competitive offering regulation by SCIC at Lao Cai Newspaper Printing JSC.
12.Offering method: Competitive offering for the whole block
13.The maximum and minimum share number of registration: Maximum of 456.141 shares, minimum of 456.141 shares.
14.Time for the registration and deposit payments: From 8:00 to 16:00 working days from 13/03/2020 to 31/03 2020.
15.Due date for reporting on buying or exceeding the ownership percentage required to make a tender offer: by 27/03/2020 at lastest.
16.Deposit rate: 10% of value of shares registered to buy according to the starting price
17.Time for submiting participation form: from 9:00 to 15:00 on03/04/2020
18.Time and venue of the competive offer:
Venue of the competitive offer: VIETNAM DRAGON SERCURITIES JSC – HANOI BRANCH
Address: 10th floor, EuroWindow tower, No 2, Ton That Tung Street, Trung Tu Ward, Dong Da District, Hanoi
Time of the competitive offer: 15:30, 03/04/2020
19.Time for deposits refund: Within 07 working days from the date of holding the competitive offer.
For your references, SCIC’s Disclosure of information, Regulations on competitive offers at Lao Cai Newspaper Printing JSC and other relevant documents are published on the website: http://www.scic.vn; www.vdsc.com.vn.
The Organizing Committee is pleased to annouced.