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THG: Approved the stock issuance to pay dividend for 2021 On April 25, 2022, the BOD of Tien Giang Investment and Construction Joint Stock Company approved to issue shares for 2021 dividend payment with details as follows:
- Stock name: Tien Giang Investment and Construction Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 15,971,306 shares
- Number of outstanding shares: 15,971,306 shares
- Number of shares expected to be issued: 3,992,826 shares
- Total value (based on par value): 39,928,260,000 dongs
- Issuing ratio: 25% (100:25) (Shareholder who owns 100 shares will receive 25 new shares).
- 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 150 shares. With 25% performing ratio, the shareholder A will receive: 150*25/100 = 37.5 shares. According to rounding policy, the shareholder A receives 37 new shares and fractional shares of 0.5 share will be cancelled.
- Time of implementation: expected in 2022, after being approved by the State Securities Commission of Vietnam (SSC) HOSE
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