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SBT: Board approves the plan for stock issuance The Board of Directors of Thanh Thanh Cong - Bien Hoa Joint Stock Company approved the plan for issuing convertible preferred shares as follows:
- Issue method: private placement
- Stock: Stock of Thanh Thanh Cong - Bien Hoa Joint Stock Company
- Stock type: convertible preferred stock
- Par value: VND10,000/share
- Estimated offering volume: 44,466,668 shares
- Offering price:
- Highest offering price: VND45,000/share
- Lowest offering price: VND30,000/share
- Total estimated mobilized capital: VND444,666,680,000
- Dividend rate: 5.5%/year for the first 1.5 years. The dividend rates for the next years will be adjusted after the negotiation and not be more than 12% (including the paid dividend amount)
- Dividend preference period: 6.5 years from the issue date
- Voting right: the convertible preferred shares have no voting rights. HOSE
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