On November 21, 2019, the Hochiminh Stock Exchange issued Announcement No.1389/TB-SGDHCM about the record date of Garmex Saigon Corporation as follows:
- Ex-right date: December 02, 2019
- Record date: December 03, 2019
- Reason & Purpose: to implement the purchase rights.
- Content:
- Exercise ratio: 2:1 (shareholder who owns 01 share will receive 01 right, and with every 02 rights will be entitled to purchase 01 new share.)
- Expected issue volume: 8,916,157 shares
- Issuing price: 15,000 dongs/share
- How to deal with fractional shares: The number of newly issued shares bought by each existing shareholder will be rounded down., the shares refused to buy (if any) will be decided by the Board of Directors. The fractional shares will be cancelled.
- For example: At the record date, the shareholder A owns 1,003 shares. With 2:1 performing ratio, the shareholder A will purchase: (1,003 * 1)/2 = 501.5 shares. According to rounding policy, the shareholder A purchases 501 new shares. The fractional shares of 0.5 will be cancelled.
- Regulation on rights transfer:
+ Time for rights transference: from December 10, 2019 to December 26, 2019
+ The rights should be transferred only once.
- Regulation on securities purchased:
+ Time for subscription and deposit: from December 10, 2019 to December 30, 2019
+ The new shares are freely transferable.
- Place to receive subscription:
+ Shareholders whose shares have been deposited: at the securities firms where shares have been deposited.
+ Shareholders whose shares have not been deposited: at Garmex Saigon Corporation.
- Bank for blocking depository money:
+ Account holder: Garmex Saigon Corporation
+ Account number: 007 100 1087333
+ Bank: Joint Stock Commercial Bank for Foreign Trade of Viet Nam – Ho Chi Minh Branch.