On September 04, 2018, Hong Ha Son La Processing Agricultural Product Joint Stock Company announces the stock issuance to pay dividend to existing shareholders as follows:
- Stock name: Hong Ha Son La Processing Agricultural Product Joint Stock Company
- Stock code: HSL
- Charter capital: VND126,000,000,000
- Stock type: common share
- Par value: 10,000 dongs
- Number of share issued: 12,600,000 shares
- Number of outstanding shares: 12,600,000 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 3,150,000 shares
- Total value (based on par value): VND31,500,000,000
- Exercise ratio: (25%) 4:1 (Shareholders are entitled to have 01 new share for every 04 shares owned.); Of which:
+ To pay stock dividend for 2016: 10%
+ To pay stock dividend for 2017: 15%
- Record date: September 20, 2018
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.
- For example: At the record date, shareholder A owned 50 shares. With 25% performing ratio, the shareholder A will receive: 50 * 25% = 12.5 shares. According to rounding policy, the shareholder A receives 12 new shares. The fractional shares of 0.5 will be cancelled.