Hung Vuong Corporation announced the board resolution dated July 08, 2014 as follows:
Article
1:
To implement the stock issuance to pay dividend:
-
Exercise ratio: 10:1 (each shareholder owning
10 shares will receive 01 new share)
-
The shares issued to each shareholder will be
rounded, and fractional part (if any) will be cancelled.
(For
example: At the record date, shareholder Nguyen Van A currently owns 208
shares, the calculation is: (208/10) = 20.8 shares. Therefore, shareholder A
will receive 20 shares)
-
Total estimated issue volume: 11,999,999
shares
-
Financial resource: Undistributed profit
after tax (at December 31, 2014 according to the audited financial statements)
-
Rights to receive new shares are not
transferable.
-
Issued shares are transferable.
-
Time of implementation: after the State
Securities Commission approves this issuance
Article
3:
To register to deposit and list additional shares.
-
Additional listing volume: 11,999,999 shares.
-
Listing time: after the Corporation reports
the issuance result to the State Securities Commission and the Hochiminh Stock
Exchange.
Article
4:
This resolution shall take effect from the date of signing.
