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HSG: Stock issuance to pay dividend & raise capital On May 11, 2017, Hoa Sen Group announces stock issuance to pay dividend & raise capital from the owner’s equity as follows:
- Stock name: Hoa Sen Group
- Stock code: HSG
- Charter capital: 2,000,000,000,000 dongs
- Stock type: common share
- Par value: 10,000 dongs
- Number of share issued: 200,000,000 shares
- Number of outstanding shares: 200,000,000 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 150,000,000 shares
+ For dividend payment (FY 2015-2016): 110,000,000 shares
+ For capital increase from the owner’s equity: 40,000,000 shares
- Total value of shares expected to be issued (on par value): 1,500,000,000,000 dongs
- Issuing ratio: 75%; in which:
+ For dividend payment (FY 2015-2016): 55%
+ For capital increase from the owner’s equity: 20%
- Record date: May 30, 2017
- 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:
+ For the ratio of 100:55, he will receive 55 new shares and fractional shares (0.55 share) will be cancelled. HOSE
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