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KDH: BODs Resolution on issuance of stock conversion of BCI On January 15, 2018, the Board of Directors of Khang Dien House Trading and Investment Joint Stock Company approved to plan for issuance of stock conversion of Binh Chanh Construction Investment Shareholding Company (code: BCI) as follows:
1) Approving the stock issuance plan for conversion of 37,023,366 shares of Binh Chanh Construction Investment Shareholding Company (BCI), equivalent to 42.69% charter capital of all sharehloders holding BCI shares.
2) Approving the stock issuance plan for convertible stock:
- Stock name: Khang Dien House Trading and Investment Joint Stock Company
- Stock type: common shares, freely transferable.
- Par value: 10,000 dongs/share
- Number of shares expected to be issued: 51,832,712 shares
- Convertible ratio by Appraisal Organization: 1:1.26 (01 share of BCI will receive 1.26 shares of KDH).
- Implementation convertible ratio: 1:1.4 (01 share of BCI will receive 1.4 shares of KDH).
- The convertible stock will round down, the fractional shares will be cancelled.
- For example: Shareholder A owns 101 shares of BCI. With 1:1.4 performing ratio, the shareholder A will receive: 101 * 1.4 = 141.4 shares of KDH. Therefore, the shareholder A receives 141 shares of KDH and the fractional shares 0.4 will be cancelled.
- Issue object for stock conversion: All shareholders of BCI, except shareholders of KDH.
- Issue method: KDH issues 51,832,712 shares for the conversion of 37,023,366 shares of BCI, equivalent to 42.69% of total outstanding shares.
- Time of implementation: 2018 HOSE
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