On December 07, 2018, the Board resolution of Thanh Thanh Cong – Bien Hoa Joint Stock Company approved the following contents:
1. Approving the plan for 2017 – 2018 cash dividend payment:
- Exercise ratio: 4%/par value (400 dongs/share)
- Payment date: January 25, 2019
- Record date: December 25, 2018.
2. Approving the plan for 2016 – 2017 stock issuance to pay dividend:
- Stock name: Thanh Thanh Cong – Bien Hoa Joint Stock Company
- Stock code: SBT
- Stock type: common share
- Par value: VND10,000/share
- Expected issue volume: 29,725,066 shares, equivalent to 6% of number of outstanding shares.
- Issue price: VND10,000/share
- Total value: VND297,250,660,000
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.
- Time of implementation: Q4.2018 or Q1.2019.