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VSC: Stock issuance to pay dividend On December 07, 2017, Vietnam Container Shipping Joint Stock Corporation announces the stock issuance to pay dividend for existing shareholders as follows:
- Stock name: Vietnam Container Shipping Joint Stock Corporation
- Stock code: VSC
- Charter capital: VND455,571,420,000
- Stock type: common share
- Par value: 10,000 dongs
- Number of share issued: 45,557,142 shares
- Number of outstanding shares: 45,557,142 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 4,555,714 shares
- Total value (based on par value): 45,557,140,000 dongs
- Issuing ratio: 10% (Shareholders are entitled to have 07 new shares for every 100 shares owned.)
- Record date: December 22, 2017
- Plan to deal with fractional shares: shareholder who owns 01 share will receive 01 right, and with every 100 rights will be entitled to receive 10 new shares. The distributed shares will be rounded down, the fractional shares will be cancelled.
- For example: At the record date, the shareholder A owns 5,002 shares. With 1:0.7 performing ratio, the shareholder A will receive: 5,002 * 10% = 500.2 shares. According to rounding policy, the shareholder A receives 500 new shares. The fractional shares of 0.2 will be cancelled. HOSE
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