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FIR: BOD approves to plan stock issuance to raise capital
HSX - 7/4/2019 2:25:00 PM
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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.

 

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