HAP: BoD approves on stock issuance for dividend payment

On August 18, 2016, Hapaco Group Joint Stock Company has disclosed BoD approves on stock issuance for dividend payment as follows:

1)    Purpose of stock issuance: stock issuance for dividend payment

2)    Method of stock issuance:

-       Stock name: Hapaco Group Joint Stock Company

-       Stock type: common share

-       Par value: VND10,000/ share

-       Number of shares expected to be issued: 4,109,181 shares

-       Total value of shares expected to be issued (on par value): VND41,091,810,000

-       Distribution method: right implement

-       Exercise ratio: 8:100 (At the record date, The shareholders who own 01 share will receive 01 right share, 100 right shares will receive 08 new shares).

3)    Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.

4)    Estimated issuance time: 45 days since of the date that State Securities Committee announced about receiving full document.

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