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HDB: BOD resolution on the stock dividend payment for 2020 The Board resolution dated June 15, 2021, the BOD of Ho Chi Minh City Development Joint Stock Commercial Bank approved the following issues:
1) Approving to raise its charter capital from VND16,088,488,180,000 to VND20,072,906,420,000.
2) Approving to implement the stock issuance plan to pay dividend for increasing charter capital:
- Stock name: Ho Chi Minh City Development Joint Stock Commercial Bank
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 1,608,848,818 shares
- Number of outstanding shares: 1,593,767,296 shares
- Number of treasury shares: 15,081,522 shares
- Number of shares expected to be issued: 398,441,824 shares
- Issue ratio: 100:25 (shareholder who owns 100 shares will receive 25 new shares)
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be distributed to the Ho Chi Minh City Development Joint Stock Commercial Bank Labor Union.
- Estimated execution time: Quarter 3/2021, after being approved by the State Securities Commission of Vietnam (SSC).
3) Approving to register to deposit at the Vietnam Securities Depository (VSD) and to list on the Hochiminh Stock Exchange (HOSE) for new shares.
HOSE
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