On October 18, 2018, the Board of Directors of Development Investment Construction Joint Stock Corporation approved to issue 47,638,964 shares to existing shareholders. The information about the issuance is as follows:
- Issue price: 13,000 dongs
- Issue time: expected in Q4.2018 (after the stock issuance document approved by the State Securities Commission (SSC)).
- Issue ratio: 1:0.188 (shareholder who owns 01 share will be bought 0.188 new share).
- The rights should be transferred only once.
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.
- Transfer restriction: The number of newly issued shares will not be restricted transfer. The number of unsold shares will be distributed to other investors which are decided by the Board of Directors.
- Payment method: transfer
- Bank for blocking depository money:
+ Account holder: Development Investment Construction Joint Stock Corporation
+ Account number: 01201 0000 921 8888
+ Bank: Orient Commercial Joint Stock Bank (OCB)
- Plan for the use of proceeds from the offering: Total proceeds of VND619,306,532,000 will be used to invest in the Long Tan Tourism urban area in Nhon Trach District, Dong Nai Province.