The Board resolution dated December 01, 2021, the BOD of Tin Nghia Industrial Park Development Joint Stock Company approved the adjustment of the plan for stock offering to existing shareholders with the following contents:
- Stock name: Tin Nghia Industrial Park Development Joint Stock Company
- Stock code: TIP
- Stock type: common share
- Par value: VND10,000/share
- Number of outstanding shares: 26,003,143 shares
- Number of shares expected to be offered: 39,004,714 shares
- Total value (at par value): VND390,047,140,000
- Exercise ratio: 2:3 (Those who own 02 shares will be entitled to purchase 03 new shares).
- Offering price: VND25,000/share
- The rights should be transferred only once.
- The new shares are freely transferable.
- Plan for handling the fractional shares and unsold shares: the fractional shares and unsold shares will be distributed to other investors that decided by the Board of Directors. The selling price is not less than VND25,000/share.
- Time of implementation: expected in Quarter 4/2021 or Quarter I/2022, after being approved by the State Securities Commission of Vietnam (SSC).