On May 23, 2019, Khang Dien House Trading and Investment Joint Stock Company announces the stock issuance as follows:
1. Approving the stock issuance to pay dividend for 2018 and stock issuance to raise capital from the owner’s equity:
- Stock name: Khang Dien House Trading and Investment Joint Stock Company
- Stock code: KDH
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 414,023,353 shares
- Number of outstanding shares: 414,023,353 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued:
+ Stock issuance to pay dividend: 20,701,167 shares
+ Stock issuance to raise capital from the owner’s equity: 103,505,838 shares
- Total value (based on par value):
+ Stock issuance to pay dividend: VND207,011,670,000;
+ Stock issuance to raise capital from the owner’s equity: VND1,035,058,380,000.
- Exercise ratio:
+ Stock issuance to pay dividend: 5% (shareholder who owns 100 shares will receive 05 new shares.)
+ Stock issuance to raise capital from the owner’s equity: 25% (shareholder who owns 100 shares will receive 25 new shares.)
- Record date: June 12, 2019
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.
2. Approving the stock issuance under ESOP:
- Expected issue volume: 6,200,000 shares
- Total value (based on par value): VND62,000,000,000
- Issue price: VND15,000/share
- Issue ratio: 1.5%
- Time of implementation: from May 24, 2019 to July 02, 2019.