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NVL: Stock issuance for increasing capital On June 21, 2022, No Va Land Investment Group Corporation announces the stock issuance for increasing capital from the owner’s equity as follows:
- Stock name: No Va Land Investment Group Corporation
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 1,949,779,664 shares
- Number of outstanding shares1,949,779,664 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 477,696,017 shares
- Total value (based on par value): 4,776,960,170,000 dongs
- Exercise ratio: 1:0.245
- 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 1,003 shares. With 1:0.245 exercise ratio, the shareholder A will receive: 1,003 * 0.245/1 = 245.735 shares. Accordingly, the shareholder A will receive 245 new shares and the fractional shares of 0.735 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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