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DIG: BOD resolution on stock issuance to existing shareholders On October 18, 2018, the Board of Directors of Development Investment Construction Joint Stock Corporation approved to issue 47,638,964 shares to existing shareholders. The information about the issuance is as follows:
- Issue price: 13,000 dongs
- Issue time: expected in Q4.2018 (after the stock issuance document approved by the State Securities Commission (SSC)).
- Issue ratio: 1:0.188 (shareholder who owns 01 share will be bought 0.188 new share).
- The rights should be transferred only once.
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.
- Transfer restriction: The number of newly issued shares will not be restricted transfer. The number of unsold shares will be distributed to other investors which are decided by the Board of Directors.
- Payment method: transfer
- Bank for blocking depository money:
+ Account holder: Development Investment Construction Joint Stock Corporation
+ Account number: 01201 0000 921 8888
+ Bank: Orient Commercial Joint Stock Bank (OCB)
- Plan for the use of proceeds from the offering: Total proceeds of VND619,306,532,000 will be used to invest in the Long Tan Tourism urban area in Nhon Trach District, Dong Nai Province. HOSE
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