Ninh Hoa Sugar officially merges into Bien Hoa Sugar

On October 30th, 2015, all shares of Ninh Hoa Sugar Joint Stock Company (Share Code – NHS) converted into shares of Bien Hoa Sugar Joint Stock Company (Share Code – BHS) marking the time of merging completion between Ninh Hoa Sugar Joint Stock Company and Bien Hoa Sugar Joint Stock Company.

Until the current time, Bien Hoa Sugar Joint Stock Company finished all legal proceedings in regard to the M&A, in details:

On November 05th, 2015: BHS finished the change of chartered capital from VND 629,949,180,000 to VND 1,233,439,980 and received the 15th business certificate on November 05th, 2015 issued by Dong Nai Provincial Department of Planning and Investment.

On November 20th, 2015: Ninh Hoa Sugar Joint Stock Company officially converted enterprise form to become Bien Hoa – Ninh Hoa Sugar One-Member Company Limited and received the 13th business certificate on November 20th, 2015 issued by Khanh Hoa Provincial Department of Planning and Investment.

On November 30th, 2015: NHS’s shares canceled securities registration at the Vietnam Securities Depository (VSD) according to Notice No.2371/TB-VSD on November 25th, 2015 of the Vietnam Securities Depository (VSD.

On November 30th, 2015: BHS completed the registration of addition to further issued securities according to Document No.54/2006/GCNCP-VSD-7 on November 30th, 2015 of the Vietnam Securities Depository (VSD).

On December 03rd, 2015: BHS completed the posting of addition to further issued securities according to Decision No. 541/QĐ-SGDHCM on December 01st, 2015 of the securities exchange

Expected on December 29th, 2015: Further issued securities officially traded. After the M&A, BHS became mother company and held 100% capital of Bien Hoa – Ninh Hoa Sugar One-Member Company Limited. The above M&A helps the Company get some outstanding points as follows:

Increase BHS’s chartered capital up to nearly 96% from 629.9 billion dong to 1,233.4 billion dong. Simultaneously, BHS’s total asset as at October 31st, 2015 increased from 2,437.5 billion dong to 3,437.3 billion dong.

Enhance competitiveness in the market through improving Ninh Hoa Sugar brand from RS sugar to RE sugar according to Bien HOa standards.

With about 50-year experience in sugar production field, Bien Hoa Sugar Joint Stock Company will support Bien Hoa – Ninh Hoa Sugar One-Member Company Limited in raising its height in production, technology, distribution and especially corporate management capacity

After the M&A, BHS targets financial plan in 2015 - 2016 with 3,125 billion dong turnover, 205 billion dong pre-tax profit and 10% expected dividend payment ratio