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CMG: Stock issuance to raise capital On July 12, 2019, CMC Corporation announces the information on stock issuance for capital increase from the owner’s equity as follows:
- Stock name: CMC Corporation
- Stock type: common shae
- Par value: VND10,000/share
- Number of shares issued: 72,055,210 shares
- Number of outstanding shares: 72,055,210 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 2,945,616 shares
- Total value (based on par value): VND29,456,160,000
- Issue ratio: 4.088%
- Record date: July 25, 2019
- Time of implementation: expected in July 2019 or August 2019
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.
- For example: At the record date, shareholder A owned 10,000 shares. With 4.088% performing ratio, the shareholder A will receive: 10,000 * 4.088/100 = 408.8 shares. According to rounding policy, the shareholder A receives 408 new shares. The fractional shares of 0.8 will be cancelled.
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