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KBC: Plan for stock issuance to raise capital The Board resolution dated March 21, 2022, Kinh Bac City Development Holding Corporation announces the stock issuance to raise capital from the owner’s equity with details as follows:
- Stock name: Kinh Bac City Development Holding Corporation
- Stock code: KBC
- Stock type: common share
- Par value: 10,000 dongs
- Number of outstanding shares: 575,711,167 shares
- Number of shares expected to be issued: 191,903,722shares
- Total value (based on par value): 1,919,037,220,000
- Issuing ratio: 33.33% (3:1) (Shareholder who owns 03 shares will receive 01 new share).
- Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be cancelled.
- For example: at the record date, shareholder A owned 1,000 shares. With 3:1 performing ratio, the shareholder A will receive: 1,000*1/3 = 333.3 shares. According to rounding policy, the shareholder A receives 333 new shares and fractional shares of 0.3 share will be cancelled.
- Time of implementation: expected in Quarter I/2022 or Quarter II/2022, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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