On September 03, 2019, RangDong Plastic Joint-Stock Company announces the information on stock issuance for dividend payment to existing shareholders as follows:
- Stock name: RangDong Plastic Joint-Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 33,942,862 shares
- Number of outstanding shares: 33,942,862 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 3,394,286 shares
- Total value (based on par value): VND33,942,860,000
- Issue ratio: 10% (10:1) (shareholder who owns 10 shares will receive 01 new share).
- Record date: October 09, 2019
- 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 186 shares. With 10% performing ratio, the shareholder A will receive: 186 * 10/100 = 18.6 shares. According to rounding policy, the shareholder A receives 18 new shares. The fractional shares of 0.6 will be cancelled.