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DBT: BOD resolution on issuing shares to raise capital The Board resolution dated November 26, 2020, the BOD of BenTre Pharmaceutical Joint Stock Company approved the plan for stock issuance to raise capital from the owner’s equity as follows:
- Stock name: BenTre Pharmaceutical Joint Stock Company
- Stock type: common share
- Stock code: DBT
- Par value: VND 10,000/share
- Current charter capital: VND 135,288,140,000
- Number of shares issued: 13,528,814 shares
- Number of outstanding shares: 13,528,814 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 676,440 shares
- Total value of issue: VND 6,764,400,000
- Exercise ratio: 20:1, equivalent to 5%/charter capital (At the record date, shareholder who owns 01 share will receive 01 right, and with every 20 rights will be received 01 new shares).
- The number of newly issued shares bought by each existing shareholder will be rounded down. The fractional shares will be cancelled.
- For example: At the record date, the shareholder A owns 110 shares. With 20:1 performing ratio, the shareholder A will receive: 110 *1/20= 5.5 shares. According to rounding policy, the shareholder A receives 05 new shares. The fractional shares of 0.5 share will be cancelled.
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