Right Offering
- Criteria for Right Offering Issuance
- The company must satisfy all below requirements in order to conduct right offering, they are
1.
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Having a plan for right offering and use of capital received from the right offering which approved by general shareholder’s meeting; |
2.
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- The certificate of preparedness for right offering from securities firm (finance advisor) with the name list of financial advisors;
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3.
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- The company must inter into underwriting contract with underwriter;
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4.
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- Complete the right offering plan, business plan and at least 3 years future projected financial cash flow since the right offering process completion and must be approved by BOD;
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5. |
- Other criteria and conditions as stipulated by the LSCO.
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- Right offering related application documents
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The right offering related application shall include the following document:
1. |
An application form of RO as defined by the Office; |
2.
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Resolutions of the General Shareholder’s Meeting approving the plan for right offering and use of capital received from that offering; |
3. |
- The list of shareholders who hold portion of company’s share equal to or greater than 1%;
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4. |
- The certificate of preparedness for offering from securities company;
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5.
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Plan for right offering and 3 years future business plan and financial forecasting; |
6. |
- The prospectus;
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7.
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Contract with underwriter; |
8. |
Other documents as specified by the LSCO. |