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STK: Stock issuance to pay dividend Century Synthetic Fiber Corporation announces stock issuance to pay dividend for existing shareholders as follows:
- Stock name: Century Synthetic Fiber Corporation
- Stock code: STK
- Charter capital: 535,160,240,000 dongs
- Stock type: common share
- Par value: 10,000 dongs
- Number of share issued: 53,516,024 shares
- Number of outstanding shares: 53,516,024 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 6,421,922 shares
- Total value (based on par value): 64,219,220,000 dongs
- Issuing ratio: 12% (shareholder who owns 01 share will receive 01 right and every 100 rights will be entitled to receive 12 new shares.)
- Record date: July 25, 2017
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.
- For example: At the record date to finalize shareholders, shareholder A owned 107 shares. With 12% performing ratio, the shareholder A will receive: 107*12%=12.84 shares. According to rounding policy, the shareholder A receives 12 new shares. The fractional shares of 0.84 will be cancelled.
- Time of implementation: Q3.2017
HOSE
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