On June 01, 2022, Kinh Bac City Development Holding Corporation announces the stock issuance to raise capital from the owner's equity with details as follows:
- Stock name: Kinh Bac City Development Holding Corporation
- Stock type: common share
- Par value: 10,000 dongs
- 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
- Total value (based on par value): 1,919,037,220,000 dongs
- Exercise ratio: 3:1 (Shareholder who owns 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.
- Record date: June 22, 2022.