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TLH: Record date for 2017 stock dividend On May 30, 2018, the Hochiminh Stock Exchange issued Announcement No.757/TB-SGDHCM about the record date for 2017 stock dividend of Tien Len Steel Corporation Joint - Stock Company as follows:
- Ex-right date: June 28, 2018
- Record date: June 29, 2018
1) Reason & purpose: to pay stock dividend for 2017.
2) Content:
- Exercise ratio: 10% (shareholder who owns 100 shares will receive 10 new shares.)
- Expected issue volume: 9,150,231 shares
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.
- For example: Shareholders owns 1,234 shares. With 10% performing ratio, the shareholder A will receive: 1,234 * 10/100 = 123.4 shares. According to rounding policy, the shareholder receives 123 new shares. The fractional shares of 0.4 will be cancelled.
- Place of payment:
+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
+ Shareholders whose shares have not been deposited: at Tien Len Steel Corporation Joint - Stock Company. HOSE
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