“HCD Withdraws Private Placement Offer for 25 Million Shares”

The Board of Directors of HCD Investment Production and Trading Joint Stock Company (HOSE: HCD) has resolved to withdraw the filing of a private placement prospectus submitted to the State Securities Commission on August 22, 2024.

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The company has withdrawn the filing to adjust its private placement plan and to amend and standardize the share offering registration dossier in accordance with legal regulations and the Company’s actual production and business activities.

The Board of Directors will consider continuing to implement the plan for a private placement of shares in the future at an appropriate time.

The private placement plan was approved by the Board of Directors on August 21, 2024. Accordingly, the Company will offer 25 million private placement shares at a price of 10,000 VND/share to 8 investors.

Revealing the 8 investors participating in the private placement of 25 million HCD shares

At the offering price, HCD can raise a maximum of VND 250 billion. This amount will be allocated by HCD respectively for: Land rent payment to Khai Son JSC (related to the project of green building materials production plant – HCD) nearly VND 34.4 billion; construction payment to Hanoi Construction and Steel Structure Joint Stock Company No. 1 is about VND 67 billion; payment of machinery purchase debt is about VND 109.7 billion; the rest is used to supplement the Company’s working capital.

Capital usage plan from the offering according to the Resolution of the Board of Directors on August 21, 2024

Source: HCD

The list of investors participating in this private placement of HCD includes 8 individuals, including 3 leaders of the Company, namely: 2 Members of the Board of Directors, Mr. Tran Ngoc Huu and Mr. Pham Duy Liem, respectively registered to buy 3.5 million shares and 3 million shares, Ho Chi Minh City Branch Director – Mr. Nguyen Manh Thang also registered to buy 3 million cp. It is expected that the ownership ratios of Mr. Huu, Mr. Liem, and Mr. Thang after the transaction will be 5.72%, 4.86%, and 4.84%, respectively. All three individuals are buying shares in the capacity of strategic shareholders.

The remaining five individuals are Ms. Le Thi Huyen, Mr. Nguyen Van Huan, Mr. Nguyen Ba Luan, Mr. Nguyen Thanh Phu, and Mr. Tran Minh Tuan. Except for Mr. Tuan, who registered to buy 3.5 million shares, the other four individuals registered to buy 3 million shares each.

On the other hand, only Mr. Huan and Mr. Phu bought in the capacity of professional securities investors (certified by Yuanta Securities Vietnam JSC), while the rest are strategic investors.

Dong Tu