Hai Phat Investment Joint Stock Company announces a plan for issuing new shares for dividend 2018:
− Issuer: Hai Phat Investment Joint Stock Company
− Stock name: Stock of Hai Phat Investment Joint Stock Company
− Stock type: common stock
− Par value: VND10,000/share
− Total issued volume: 199,996,305 shares
− Outstanding volume: 199,996,305 shares
− Treasury shares: 0 shares
− Estimated issue volume: 29,999,445 shares
− Total issue value: VND299,994,450,000
− Issue ratio: 15%
− Financial resource: the undistributed after-tax profit at 12/31/2018
− Record date: decided by the Board of Directors
− Plan to deal with fractional shares: The shares newly issued to shareholders will be rounded down to units. The fractional shares (if any) will be cancelled.
For example, on the record date, shareholder A owns 1,550 shares. He or she will receive: 1,550 * 15/100 = 232.5 shares. After rounded down, the real number of shares shareholder A receives will be 232 shares. The fractional part (0.5) will be cancelled.