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SCS: Plan for stock issuance to raise capital The Board resolution dated June 20, 2022, the BOD of Sai Gon Cargo Service approved the plan to issue shares for increasing capital from the owner’s equity as follows:
- Stock name: Sai Gon Cargo Service
- Stock type: common share
- Par value: VND10,000/share
- Issue rate: 85% (Those who own 100 shares will receive 85 new shares)
- Expected issue volume: 43,133,845 shares
- Total value of issuance (at par value): VND 431,338,450,000
- Expected charter capital after the issuance: VND 1,010,695,450,000
- Exercise ratio: 02:01 (Those who own 02 shares will receive 01 new share)
- Transfer restriction: none
- 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 252 shares. With 85% exercise ratio, the shareholder A will receive: 252*85/100 = 214.2 shares. According to rounding policy, the shareholder A will receive 214 new shares.
- Time of implementation: expected in 2022, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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