Hoa Binh Construction & Real Estate Corporation announced the resolution of the Board of Directors as follows:
Article 1: Paying the 2011 dividends in cash and in
stock:
-
Paying cash dividends of the year 2011:
+
Payment ratio: 10% (or 1,000 VND for a share)
+
Total payment value: 16,970,046,000 VND (= 16,970,046 shares
x 1,000 VND/share)
-
Issuing stock to pay dividends of the year 2011:
+
Stock code: HBC
+
Stock type: common stock
+
Current charter capital: 209,425,360,000 VND
+
Outstanding shares: 16,970,046 shares
+
Payment ratio: 20%
+
Issue volume: 3,394,009 shares (rounded down)
+
Par value: 10,000 VND/share
+
Issue value: 33,940,090,000 VND.
-
Financial resource: Undistributed profit until 12/31/2011.
-
Time of implementation: in Quarter 2 & 3/2012
Article 2: Issuing bonus shares to existing
shareholders:
-
Stock code: HBC
-
Stock type: common stock
-
Current charter capital: 209,425,360,000 VND
-
Outstanding shares: 16,970,046 shares
-
Exercise ratio: 1:1
-
Issue volume: 16,970,046 shares (rounded down)
-
Par value: 10,000 VND/share
-
Issue value: 169,700,460,000 VND.
-
Financial resource: Capital surplus until 12/31/2011.
-
Time of implementation: in Quarter 2 & 3/2012.
Article 3: Listing the new shares and changing
company business license:
-
Depositing and listing all additional shares which are
issued to pay dividends 2011 and bonus shares on the Hochiminh Stock Exchange
and the Vietnam Securities Depository – Hochiminh Branch.
-
Changing HBC’s business license with new charter capital
increased from 209,425,360,000 VND to 413,065,910,000 VND, including:
+
33,940,090,000 VND increased from issuing shares to pay
twenty-percent dividends.
+
169,700,460,000 increased from issuing bonus shares to the
existing shareholders with a ratio of 1:1.
Article 4: This resolution came into effect from May
08, 2012.
