HID: BoD approves on stock issuance for dividend payment

On August 16, 2016, Ha Long Investment & Consulting 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: Ha Long Investment & Consulting Joint Stock Company

-       Stock type: common share

-       Par value: VND10,000/ share

-       Number of treasury shares: 5,641 shares

-       Number of outstanding shares: 29,994,359 shares

-       Number of shares expected to be issued:  1,607,005 shares

-       Exercise ratio: 2000: 107 (At the record date, The shareholders who own 01 share will receive 01 right share, 2000 rights will receive 107 new shares).

1. Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.
2. Estimated issuance time: 2016

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