Transforwarding Warehousing Joint Stock Corporation (TMS) announced the resolution of its Board of Directors on June 4 as follows:
The Board approved to cancel the 8 million new share issue plan passed by the Annual General Meeting (AGM) on June 24, 2011.
Instead, the Board approved the plan to issue VND100 billion worth of two-year convertible bonds with a fixed coupon of 15% per annum.
The Board also passed the plan to convert TMSCB2010 convertible bonds into TMS shares (for the second tranche) at VND18,601/share on June 14, 2012.
Bond holders should register (not) to convert bonds from June 5 to June 11.