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HSG: BODs Resolution on stock issuance plan On May 03, 2017, Hoa Sen Group issued Resolution No.38/2017/QĐ-HĐQT about a plan for stock issuance to pay dividends for fiscal year 2015-2016 and stock issuance to raise capital from the owner’s equity to existing shareholeders as follows:
- Stock name: Hoa Sen Group
- Stock code: HSG
- Stock type: common share
- Par value: 10,000 dongs/share
- Issuing ratio: 75%, in which:
+ To pay dividends for FY 2015-2016: 55%
+ To raise capital from the owner’s equity to existing shareholeders: 20%
- Exercise ratio:
+ To pay dividends for FY 2015-2016: 100:55 (shareholder who owns 01 share will receive 01 right. Every 100 rights will receive 55 new shares)
+ To raise capital from the owner’s equity to existing shareholders: 100:20 (shareholder who owns 01 share will receive 01 right. Every 100 rights will receive 20 new shares)
- 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 101 shares at the record date:
+ At a ratio of 100:55, he will receive 55 new shares. The fractional shares (0.55 share) will be cancelled.
+ At a ratio of 100:20, he will receive 20 new shares. The fractional shares (0.2 share) will be cancelled.
+ Therefore, total number of shares of shareholder A will receive 75 new shares.
- Number of shares expected to be issue: 150,000,000 shares
+ To pay dividends for FY 2015-2016: 110,000,000 shares
+ To raise capital from the owner’s equity to existing shareholders: 40,000,000 shares
- Total value of shares expected to be issue (on par value): 1,500,000,000,000 dongs
- Transfer restriction: none
HOSE
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