On August 31, 2018, the Hochiminh Stock Exchange issued Announcement No.1119/TB-SGDHCM about the record dated for 2017 stock dividend of Thang Long Urban Development and Construction Investment Joint Stock Company as follows:
- Ex-right date: September 11, 2018
- Record date: September 12, 2018
- Reason & Purpose: to pay stock dividend for 2017.
- Contents:
- Exercise ratio: 04% (100:4) (Shareholders are entitled to have 04 new shares for every 100 shares owned.)
- Expected issue volume: 720,000 shares
- 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 2,168 shares. With 04% performing ratio, the shareholder A will receive: 2,168 * 04% = 86.72 shares. According to rounding policy, the shareholder A receives 86 new shares. The fractional shares of 0.72 will be cancelled.
- Place of payment:
+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
+ Shareholders whose shares have not been deposited: at Thang Long Urban Development and Construction Investment Joint Stock Company.