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DAC: Board Resolution
Viglacera Dong Anh JSC announces the Board Resolution approved on 11/09/2008 as follows:
1. Increasing the charter capital through dividend payment by shares.
- Subject of the issue: outstanding shareholders
- Issuing method: first dividend payment in 2008 by share
- Exercise rate: 1:0.34. ( 1 share equals to 1 right, shareholders will get 34 new shares for every 100 rights they owner )
- Rounding principle: The number of shares shareholder receive is rounded down to unit digit. The company will pay for odd shares by cash.
- The number of shares to be issued: 255,000 shares with par value of VND 10,000 per share.
- Resources for share issue: retained earnings shown in the audited financial statement for the first 6 months of 2008.
- Reasons:
+ To meet the requirements stipulated by the Securities Law 2006 about the minimum of charter capital of companies listed on HASTC
+ Use the capital: invest in machine, equipment; warehouses and adobe brick storage; enlarge places outdoor for dry adobe bricks to improve the effect of production.
- Depository and additional listing:
The new shares will be deposited at Vietnam Securities Depository and listed at HASTC
2. The Board of Directors assigns the Executive Manager and departments to carry out procedures relating to this issue.
HaSTC
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