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LBM: Plan for stock issuance to raise capital The Board resolution dated June 06, 2022, the BOD of Lam Dong Mineral and Building Materials Joint Stock Company approved to implement the plan to issue shares for increasing capital from the owner’s equity with details as follows:
- Stock name: Lam Dong Mineral and Building Materials Joint Stock Company
- Stock code: LBM
- Stock type: common share
- Par value: VND10,000/share
- Charter capital before the issuance: VND100,000,000,000
- Number of shares issued: 10,000,000 shares
- Number of outstanding shares: 10,000,000 shares
- Expected charter capital after the issuance: VND 200,000,000,000
- Number of shares expected to be issued: 10,000,000 shares
- Total value of issuance (at par value): VND 100,000,000,000
- Exercise ratio: 100% (01:01) (Those own who 01 share will receive 01 new share)
- Plan to deal with fractional shares: due to the exercise ratio of 1:1, so there are no fractional shares.
- Time of implementation: expected in 2022, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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