KBC: Board resolution on issuing new shares On December 06, the Board of Directors of Kinh Bac City Development Holding Corporation approved to implement the plan for issuing shares to raise capital from the owner’s equity as follows:
- Outstanding volume: 569,760,189 shares
- Estimated issue volume: 189,920,063 shares
- Issue ratio: 33.33% of the outstanding volume.
- Exercise ratio: 3:1
- Object of the issuance: existing shareholders
- Plan to deal with fractional shares: The shares newly issued to shareholders will be rounded down to units. The fractional shares (if any) will be cancelled.
- Issue time: in Quarter IV of 2021 to Quarter I of 2022.
- All newly-issued shares will be registered to deposit at the Vietnam Securities Depository and list on the Hochiminh Stock Exchange. HOSE
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