The Board resolution dated March 18, 2022, the Board of Directors of Tien Phong Securities Corporation approved the following issues:
Article 1: To implement rights to buy shares for existing shareholders to raise its charter capital to VND4,000 billion.
Article 2: The plan for stock issuance to raise its charter capital:
- Stock name: Tien Phong Securities Corporation
- Stock type: common share
- Stock code: ORS
- Par value: VND10,000/share
- Number of outstanding shares: 200,000,000 shares
- Charter capital before the issuance: VND2,000,000,000,000
- Number of shares expected to be issued: 200,000,000 shares
- Total value of issuance (at par value): VND2,000,000,000,000
- Estimated stock volume after the issuance: 400,000,000 shares
- Charter capital after the issuance: VND4,000,000,000,000
- Issue price: VND12,000/share
- Exercise ratio: 1:1 (Those who own 01 share will receive 01 right, and with every 01 right will be entitled to purchase 01 new share.)
- Distribution time: after being approved the State Securities Commission of Vietnam (SSC).