On 28/03/2016, CII has completed the conversion of 491,275 billion dong of the First Tranche Convertible Bonds to 27,293,055 shares of CII B&R (HOSE: LGC) to Metro Pacific Tollway Corporation (MPTC) and completed the conversion of ownership from Vietnam Stock Exchange Custody Center (not depend on trading range and not incur additional cash-based transactions) 

Due to the aforementioned conversion of convertible bonds, CII’s outstanding loans in Quarter 1 2016 will reduce 491,275 billion dong. The conversion meanwhile will bring 198 billion dong in profits to CII in Quarter 1. 

According to agreement with MPTC, the conversion of 528,725 billion dong of the Second Tranche Convertible Bonds will be conducted in September 2016.