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KHG: Approved the plan for stock issuance to pay dividend & raise capital The Board resolution dated March 31, 2022, the BOD of Khai Hoan Land Group Joint Stock Company approved the plan for stock issuance to pay dividend and stock issuance to raise capital from the owner’s equity with details as follows:
- Stock name: Khai Hoan Land Group Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs
- Number of outstanding shares: 318,817,547 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 124,338,842 shares; Of which:
+ Stock issuance to pay dividend: 31,881,754 shares
+ Stock issuance to raise capital from the owner’s equity: 92,457,088 shares
- Total value (at par value): 1,243,388,420,000 dongs; Of which:
+ Stock issuance to pay dividend: VND318,817,540,000
+ Stock issuance to raise capital from the owner’s equity: VND924,570,880,000
- Issuing ratio: 39%:
+ Stock issuance to pay dividend: 10%
+ Stock issuance to raise capital from the owner’s equity: 29%
- Exercise ratio:
+ Stock issuance to pay dividend: 10% (Those who owns 10 shares will receive 01 new share)
+ Stock issuance to raise capital from the owner’s equity: 29% Those who owns 100 shares will receive 29 new shares).
- Estimated issue time: after being approved by the State Securities Commission of Vietnam (SSC).
- 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. HOSE
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