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Phuc Thinh board approves private stock offering to raise 150 billion dong

October 17, 2025 at 06:06 PM UTCBy FilingReader AI

Phuc Thinh Design Construction Trading Corporation (HNX:PTD) has received shareholder approval for a private placement of 15,000,000 common shares at a par value of VND 10,000 per share, aiming to raise VND 150,000,000,000. The resolution was passed via written ballot with 78.83% of total voting shares in favor. Proceeds are primarily earmarked for bank loan repayment (VND 139,000,000,000) and supplier debt settlement (VND 11,000,000,000) between Q4/2025 and Q1/2026.

The offering targets strategic investors and professional securities investors. Strategic investors must operate in a related business sector, demonstrate financial capability, and commit to a minimum three-year partnership. Shares issued to strategic investors will be restricted from transfer for three years, while those issued to professional securities investors will have a one-year transfer restriction.

The board of directors has been authorized to manage any unallocated shares, adjust the offering plan as needed, and complete all necessary procedures for additional listing on the Hanoi Stock Exchange (HNX). This includes changes to the company's charter capital and business registration.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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