(TBTCO) – Hoang Quan Real Estate Services and Commercial Consulting Joint Stock Company (Ck code: HQC) announced that it has received an official dispatch from the State Securities Commission on receipt of registration documents for private offering of shares.
Accordingly, the State Securities Commission requires HQC to be responsible before the law for the accuracy and completeness of the records; The offering plan is implemented in accordance with the company’s 2023 annual general meeting of shareholders resolution and related board of directors resolutions. Within 10 days from the end of the offering, the company must send a results report with confirmation from the bank where the account to block the proceeds is opened to the State Securities Commission.
According to the previously announced plan, HQC plans to privately offer 100 million shares, at a price of 10,000 VND/share to mobilize 1,000 billion VND. Privately issued shares will be restricted from transfer for 1 year and authorize the board of directors to choose the appropriate time to offer shares to increase capital.
The money raised will be used to supplement capital and improve the company’s financial capacity. Of which, 650 billion VND will be used to buy shares of Golden City Investment Joint Stock Company and the remaining 350 billion VND will be used to buy shares in the private stock offering of this legal entity to supplement capital for the General project. Golden City social housing… Golden City Investment is the investor of the Golden City social housing apartment project (Golden City), with a scale of 3.35 hectares, investment capital of 1,776.6 billions dong.
Previously in 2022, Hoang Quan Real Estate had approved a plan to privately offer 100 million shares to professional stock investors at a price of 10,000 VND/share. The purpose of mobilized capital is also to buy shares of Golden City Investment Joint Stock Company. However, due to stock market fluctuations, the plan has not been implemented./.