MSH: Stock issuance to pay dividend On May 26, 2022, Song Hong Garment Joint Stock Company announces the stock issuance to pay dividend to existing shareholders as follows:
- Stock name: Song Hong Garment Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 50,009,400 shares
- Number of outstanding shares: 50,009,400 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 25,004,700 shares
- Total value (based on par value): 250,047,000,000 dongs
- 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.
- Record date: June 08, 2022.
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