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HSG: BOD resolution on stock dividend payment
HSX - 3/5/2019 2:28:00 PM
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   On February 28, 2019, the Board of Directors of Hoa Sen Group approved to pay stock dividend for the fiscal year 2017 – 2018 as follows:

-       Stock name: Hoa Sen Group

-       Stock code: HSG

-       Stock type: common share

-       Par value: 10,000 dongs

-       Exercise ratio: 10%

-       Record date: expected in April 2019

-       Ending period: before June 30, 2019

-       Payment method: shareholder who owns 01 share will receive 01 right, and with every 100 right will be entitled to have 10 new shares.

-       Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.

-     For example: At the record date, the shareholder A owns 101 shares. With 10% performing ratio, the shareholder A will receive: 101/100 * 10 = 10.1 shares. According to rounding policy, the shareholder A receive 10 new shares, the fractional shares of 0.1 will be cancelled.

-       Number of shares expected to be issued: 38,482,882 shares

-       Total value (based on par value): VND384,828,820,000

-       Exercise ratio: 6%

-       Expected stock volume after the issuance: 423,311,710 shares.

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