|
VIC: Vingroup to issue preferred stock On July 25, 2018, the Board of Directors of VINGROUP Joint Stock Company approved the plan for issuing preferred shares in 2018 as follows:
- Issuer: VINGROUP Joint Stock Company
- Charter capital before issuance: VND31,916,212,300,000
- Stock: Preferred stock of VINGROUP Joint Stock Company
- Stock type: preferred and convertible stock
- Par value: VND10,000/share
- Number of shares to be issued: 84,000,000 shares
- Total issue value: VND840,000,000,000.
- Expected charter capital after issuance: VND32,756,212,300,000
- Offering price:
- Minimum price: VND107,000/share
- Maximum price: VND116,200/share
- Total expected proceeds from the issuance: from VND8,820 thousand billion to VND9,760 thousand billion.
- Dividend ratio:
- For the first 04 years from the issue date: 0%;
- From the 4th year and over: 1%/year on the offering price.
- Voting right: The preferred shares do not carry voting rights.
- Conversion right: The preferred shares are allowed to be converted into common shares at any time after the issue date according to the conversion price and conversion ratio.
- Restriction period: in 01 year from the issue date
- Time of implementation: in Quarter 3/2018. HOSE
|
