Wednesday, 08/10/2008 17:42

DDM: License of offering shares to public

On October 3rd 2008, the State Securities Commission granted license to the Dong Do Marine Joint Stock Company (Dong Do Marine) for offering its shares to the public as follows:

* Stock type: common stock

* Par value: VND10,000

* Total offering volume: 4,460,000 shares

In which

+ Dividend payment in stock: 1,784,000 shares

+ Offering to existing shareholders: 2,676,000 shares

* Distribution period: within 90 days from the date of receipt of license

* Distribution method: detail in the prospectus

+ Dividend pay-out ratio: 10:2 (a shareholder who owns 10 shares on the record date will receive 2 bonus shares).

+ Exercise ratio: 10:3 (a shareholder who owns 10 shares on the record date has right to buy additional 3 shares. Offering price is VND13,000/share).

* Consulting organization: Agribank Securities Company Ltd.(AGRISECO)

HoSE

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