On dated May 10, 2022, the BOD of DABACO Group approved to implement the plan to issue shares for 2021 dividend payment with details as follows:
- Stock name: Song Hong Garment Joint Stock Company
- Stock code: MSH
- Stock type: common share
- Par value: VND10,000/share
- Number of outstanding shares: 50,009,400 shares
- Number of shares expected to be issued: 25,004,700 shares
- Total value of issuance (at par value): VND250,047,000,000
- Exercise ratio: 2:1 (Those who own 02 shares will receive 01 new share).
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares will be cancelled.
- For example: at the record date, shareholder A owns 201 shares. With 2:1 exercise ratio, the shareholder A will receive: 201*1/2 = 100.5 shares. According to rounding policy, the shareholder A will receive 100 new shares and the fractional shares of 0.5 share will be cancelled.
- Transfer restriction: none
- Time of implementation: expected in 2022, after being approved by the State Securities Commission of Vietnam (SSC).