An Tien Industries Joint Stock Company (HII) approved to implement the plan for issuing shares to raise share capital from the owner’s equity as follows:
- Listed firm: An Tien Industries Joint Stock Company
- Stock code: HII
- Par value: VND10,000
- Estimated issue volume: 4,804,125 shares
- Exercise ratio: 100:15
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.
For example, if shareholder A owns 2,222 shares at the record date, he will receive: 2,222*15/100 = 333.3 new shares. However, after rounded down, the real number of shares he receives is 333 shares. The fractional part (0.3 share) will be cancelled.