The Board resolution dated August 06, 2019, Yen Bai Industry Mineral Joint Stock Company approved the plan for stock issuance to pay dividend as follows:
- Stock name: Yen Bai Industry Mineral Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Number of outstanding shares: 12,999,938 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 1,299,993 shares
- Total value (based on par value): VND12,999,930,000
- Time of implementation: expected in Q3.2019 after being approved the State Securities Commission of Vietnam (SSC).
- Issue ratio: 10:1 (shareholder who owns 01 share will receive 01 right, and with every 10 rights will be entitled to purchase 01 new share).
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.