HBC: Hoa Binh Corp to issue 400,000 ESOP shares

Hoa Binh Construction & Real Estate Corporation announced an employee stock ownership plan (ESOP) as follows:

I.    Stock for ESOP:

-         Stock type: common stock

-         Par value: VND10,000/share

-         Total issue volume: 400,000 shares

-         Issue price: VND10,000/share

-         Total estimated proceeds: VND4 billion (in order to increase the Corporation’s working capital).

II.   Object of ESOP: the employees who worked for the Corporation in three consecutive years and were not disciplined from January 01, 2010 to December 31, 2012.

III.  Distribution time: expected to be in September 2013.

IV.  Distribution plan:

-         The date of receipt of approval from the State Securities Commission: Day T

-         Trading date of new shares: T + 60.

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