The Board resolution dated October 11, 2019, Transimex Corporation approved the following issues:
- The Board of Directors approved to pay cash dividend:
- Exercise ratio: 10% (1,000 dongs/share)
- Payment time: expected in Q4.2019.
- The Board of Directors approved to pay stock dividend:
- Stock name: Transimex Corporation
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 54,880,757 shares
- Number of outstanding shares: 54,869,138 shares
- Number of treasury shares: 11,619 shares
- Number of shares expected to be issued: 8,230,370 shares
- Total value (based on par value): VND 82,303,700,000
- Issue ratio: 15% (shareholder who owns 100 shares will receive 15 new shares).
- Time of implementation: expected in Q4.2019 after being approved by the State Securities Commission of Vietnam (SSC).
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.
- The Board of Directors approved the plan to issue the non- convertible bonds.
- The Board of Directors approved the financial leasing limit for business activities and investment.
The Board of Directors approved the investment plan to buy shares of Vinatrans Da Nang.