MSN: BoD approves to issue shares to raise capital

On October 10, 2022, the Board of Directors of Masan Group Corporation approved a plan for issuing shares to raise capital from the owner’s equity:

1)      Stock name: Stock of Masan Group Corporation

2)      Stock type: common share

3)      Par value: VND10,000/share

4)      Issue ratio: 5:1

5)      Expected issue volume: 236,106,938 shares

6)      Total issue value: VND2,361,069,380,000

7)      Financial resource: surplus equity

8)      Time of implementation: expected in Quarter I&II 2022. 

9)      Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares (if any) will be cancelled.

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