ROs notification of suspension of public offering to existing shareholders in 2017

ROs notification of suspension of public offering to existing shareholders in 2017

Thứ Tư, 05/07/2017, 23:00


As informed by FLC Faros Construction Company (traded as: ROS). On July 4th, 2017, the meeting of the Board of Director of FLC Faros had been held. The meeting came to the decision that of FLC Faros shall suspend public offering to existing shareholders in 2017 as planned in Offering Plan which approved by the third extraordinary General Meeting of Shareholders of FLC Faros in November 2016 . The Board of Director of FLC Faros shall propose and report in the General Meeting of Shareholders of 2018 as provided by laws and FLC Faros’s Charter.

The main reason for the Board of Director of FLC Faros to make the above decision is that with available funds, revenue source and profit are stable and the mobilization of capital from other sources is still being realized well, FLC Faros still has enough capital to finance the business and investment activities planned for 2017 and early 2018. Therefore, FLC Faros has no urgent need to mobilize by the method of public offering to existing shareholders to increase charter capital.

FLC Faros‘s Leaders also reaffirm that the suspension of public offering to increase charter capital in 2017 shall not affect any targeted revenue and profit which had been set out and approved by the General Meeting of Shareholders of 2017.     


 

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