|
FIR: BOD approves to plan stock issuance to raise capital On July 01, 2019, the Board of Directors of First Real Joint Stock Company approved to issue shares for capital increase from the owner’s equity as follows:
- Number of shares expected to be issued: 7,800,000 shares
- Total value (based on par value): VND78,000,000,000
- Issue ratio: 60% (Shareholder who owns 01 share will receive 06 new shares.)
- 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 157 shares. With 60% performing ratio, the shareholder A will receive: 157 * 60/100 = 94.2 shares. According to rounding policy, the shareholder A receives 94 new shares. The fractional shares of 0.2 will be cancelled.
HOSE
|
