The Board of Directors of Tien Giang Investment and Construction Joint Stock Company approved to implement a plan for the 2020 dividend payment as follows:
− Stock name: Stock of Tien Giang Investment and Construction Joint Stock Company
− Stock type: common stock
− Par value: VND10,000/share
− Total issued volume: 14,519,560 shares
− Outstanding volume: 14,519,560 shares
− Estimated issue volume: 1,451,956 shares
− Total issue value: VND14,519,560,000
− Issue ratio: 10:1 (those who own 10 shares will receive 01 new share)
− Financial resource: the undistributed profit after tax accumulated until 12/31/2020
− Record date:
− Issue date: in 2021
− 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 197 shares. Shareholder A will receive: 197 x 10:1 = 19.7 shares. After rounded down, the real number of shares shareholder A receives will be 19 shares. The fractional part (0.7) will be cancelled.