On June 28, 2022, Kinh Bac City Development Holding Corporation reports the result of stock issuance for capital increase from the owner’s equity with details as follows:
I. Information on stock:
- Stock name: Kinh Bac City Development Holding Corporation
- Stock type: common share
- Par value: 10,000 dongs/share
- Number of shares issued: 575,711,167 shares
- Number of outstanding shares: 575,711,167 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 191,903,722 shares
- Exercise ratio: 3:1 (Those who own 03 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.
- Ending date: June 22, 2022
- Time for transferring shares: expected in July 2022.
II. Result:
- Number of distributed shares: 191,893,592 shares; Of which:
+ Number of distributed shares to shareholders according to the rate: 191,893,592 shares for 28,051 shareholders;
+ Number of fractional shares: 9,117.3 shares
- Total shares after the issuance (June 22, 2022): 767,604,759 shares; Of which:
+ Number of outstanding shares: 767,604,759 shares
+ Number of treasury shares: 0 share.