Mr. Nguyen Thien Tuan - Chairman of the Board of Directors of DIC Group presented the plan to merge DCD and the plan of issuing more stocks for swap and other related issues.
DIG said, in order to enhance efficiency in operations, DIG will merge DCD to streamline its management system and save operating costs. The merger also helps DIG enhance its position, financial potential, optimize resources, cash flow, expand investment for the best interests of shareholders of the parties.
According to the approved plan, DIG will issue nearly 3.5 million new shares to swap with DCD's outstanding shares at the 1: 1 swap ratio. After the swap, DIG will hold 100% capital at DCD.
Mr. Hoang Van Tang - General Director of DIC Group presents the amendment and supplement of DIC Corp's charter.
DCD will transfer all its assets, rights, obligations and legitimate interests to DIG, and at the same time terminate the existence of the merged party from the date of the merger. DIG will inherit all legal rights and benefits, and be responsible for property and labor obligations according to the information provided by DCD.
After the merger, DIG expects average revenue growth of 16% and profit growth of 14%.
Business plan for post-merger of DIG
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