QP Green changes capital use for private placement proceeds

QP Green Investment Joint Stock Company (HNX:HKT) has issued a resolution from its board of directors regarding a change in the intended use of capital obtained from a private share placement.

The company initially planned to use the funds for supplementing working capital and paying taxes related to the acquisition of capital contributions in Quang Phuc Development One Member Limited Company. The original tax payment was estimated at 400,000,000 VND, and working capital was 607,407,407 VND.

The revised plan reallocates the 1,007,407,407 VND to cover other expenses, including 28,148,148 VND for personal income tax of Ms. Ha Thi Hong Minh and 979,259,259 VND for car purchase costs for the company. The board authorized the general director to execute these changes.

The total proceeds from the private placement amounted to 272,000,000,000 VND. This includes 251,851,851,852 VND for acquiring capital contributions from CTCP Quang Phuc Industrial Investment and 19,140,740,741 VND from Ms. Ha Thi Hong Minh in Quang Phuc Development One Member Limited Company, both completed on October 3, 2025. The remaining 1,007,407,407 VND for other expenses is yet to be realized.