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OCB: Plan for stock issuance to raise capital The Board resolution dated November 08, 2022, the BOD of Orient Commercial Joint Stock Bank approved the plan to issue shares for capital increase from the owner’s equity with details as follows:
- Stock name: Orient Commercial Joint Stock Bank
- Stock code: OCB
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issues: 1,369,882,863 shares
- Number of outstanding shares: 1,369,882,863 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 410,964,858 shares
- Total value of issuance (at par value): VND 4,109,648,580,000
- Exercise ratio: 30% (10:3) (Those who own 10 shares will receive 03 new shares)
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares will be transferred to Trade Union of OCB.
- For example: at the record date, shareholder A owns 105 shares. With 10:3 exercise ratio, the shareholder A will receive: 105*3/10 = 31.50 shares. According to rounding policy, the shareholder A will receive 31 new shares and fractional shares of 0.5 share will be transferred to Trade Union of OCB.
- Time of implementation: after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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