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ROS: BoD approves to issue shares to raise capital On April 05, 2018, the Board of Directors of FLC FAROS Construction Joint Stock Company approved a plan for issuing shares to raise capital from the owner’s equity:
1) Stock name: FLC FAROS Construction Joint Stock Company
2) Number of outstanding shares (before the issuance): 472,999,999 shares
3) Stock type: common share
4) Par value: VND10,000/ share
5) Issue ratio: 20 (100 shares will receive 20 new shares)
6) Number of shares expected to be issued: 94,600,000 shares
7) Financial resource: from undistributed profit after tax
8) Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares (if any) will be cancelled.
9) Time of implementation: after the State Securities Commission approve HOSE
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