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BHS: Board Resolution Bien Hoa Sugar Joint Stock Company announced the Board Resolution as follows:
- Plan for issuing shares to raise capital from the owner’s equity:
1) Reason and Purpose: Issuing shares to raise capital from the owner’s equity.
2) Contents:
- Exercise ratio: 30% (The shareholders who own 100 shares will receive 30 new share.)
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.
- For example, if shareholder A owns 252 shares at the record date, he will receive 75 new shares. The fractional part ( 0.6 share) will be cancelled.
- Financial sources: surplus equity
- Implement date: expected in 2016.
II. Plan for issuing shares to existing shareholders:
1) Stock type: common share
2) Par value: VND10,000/ share
3) Number of shares expected to be issued: 129,511,198 shares
4) Total issue value: VND1,295,111,980,000
5) Exercise ratio: 1:1 (The shareholders who own 01 shares will receive 01 right and 01 right will receive 01 share).
6) Estimated trading date: in 2016-2017. HOSE
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