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DRC: BoD approves to issue new shares and pay dividends On May 05, 2016, the Board of Directors of Danang Rubber Joint Stock Company approved plans for issuing new shares to raise capital from the owner’s equity and paying cash dividend from the profit in 2015:
1) Issuing new shares to raise capital from the owner’s equity:
- Stock name: Stock ofDanang Rubber Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Total issued volume: 91,380,003 shares
- Outstanding volume: 91,380,003 shares
- Treasury volume: 0 shares
- Expected issue volume (maximum): 27,414,0000 shares
- Total issue value: VND274,140,000,000.
- Issue ratio: 10:3 (30%)
- Time of implementation: in Quarter II and Quarter III.2016
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares (if any) will be cancelled.
2) Paying cash dividend from the profit in 2015:
- Payment ratio: 30%
- Payment date: in July 2016.
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