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MSH: Plan for stock issuance to pay dividend for 2021 On dated May 10, 2022, the BOD of DABACO Group approved to implement the plan to issue shares for 2021 dividend payment with details as follows:
- Stock name: Song Hong Garment Joint Stock Company
- Stock code: MSH
- Stock type: common share
- Par value: VND10,000/share
- Number of outstanding shares: 50,009,400 shares
- Number of shares expected to be issued: 25,004,700 shares
- Total value of issuance (at par value): VND250,047,000,000
- Exercise ratio: 2:1 (Those who own 02 shares will receive 01 new share).
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares will be cancelled.
- For example: at the record date, shareholder A owns 201 shares. With 2:1 exercise ratio, the shareholder A will receive: 201*1/2 = 100.5 shares. According to rounding policy, the shareholder A will receive 100 new shares and the fractional shares of 0.5 share will be cancelled.
- Transfer restriction: none
- Time of implementation: expected in 2022, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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