On October 12, 2020, An Phat Holdings (Ticker symbol: APH) successfully held ty le keo chau a Extraordinary General Shareholders’ Meeting approving ty le keo chau a plan to issue separate bonds and adjust ty le keo chau a number of expected bonds issued, at ty le keo chau a same time approved ty le keo chau a issuance of 6.8 million common shares to convert preferential shares at ty le keo chau a ratio of 1:1. ty le keo chau a conversion price is equal to ty le keo chau a issue price of VND 25,000 per share, corresponding to ty le keo chau a total converted value of VND 170 billion.
Previously, at ty le keo chau a end of January 2018, ty le keo chau a Board of Directors of An Phat Holdings approved to issue of more than 14.1 million preferential shares, no voting rights and could be converted into common shares to Valuesystem Dae Gwang Global Mezzanine Investment (Korean investment fund), in which KB Securities is ty le keo chau a entrustor. ty le keo chau a purpose of ty le keo chau a issuance of more than 14.1 million preferential shares is to invest in subsidiaries such as An Phat Bioplastics JSC (Ticker symbol: AAA), and An Vinh Packaging JSC (Ticker symbol: VBC).
In July, when APH was officially listed on ty le keo chau a Ho Chi Minh City Stock Exchange (HoSE), KB Securities decided to convert a part of its holding preferential shares (6.8 million shares) to common stock. ty le keo chau a number of converted shares is in ty le keo chau a charter capital VND 1423.7 billion of APH, therefore, it does not change ty le keo chau a ownership ratio of ty le keo chau a remaining shareholders.
Also at ty le keo chau a Extraordinary General Shareholders’ Meeting held on October 12, APH also approved to adjust ty le keo chau a number of bonds offered for sale, bringing ty le keo chau a total expected value to VND 1,200 billion, issuing directly to investors or through ty le keo chau a release agent.
Issuance time is expected in 2020 and 2021. ty le keo chau a offering is less than 100 investors excluding professional securities investors and/or only offers to professional securities investors.
