On July 01, 2019, the Board of Directors of First Real Joint Stock Company approved to issue shares for capital increase from the owner’s equity as follows:
- Number of shares expected to be issued: 7,800,000 shares
- Total value (based on par value): VND78,000,000,000
- Issue ratio: 60% (Shareholder who owns 01 share will receive 06 new shares.)
- Time of implementation: expected in July 2019 or August 2019
- 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 157 shares. With 60% performing ratio, the shareholder A will receive: 157 * 60/100 = 94.2 shares. According to rounding policy, the shareholder A receives 94 new shares. The fractional shares of 0.2 will be cancelled.