On July 25, 2019, MHC Joint Stock Company announces the information on stock issuance for dividend payment to existing shareholders as follows:
- Stock name: MHC Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 37,643,896 shares
- Number of outstanding shares: 37,643,776 shares
- Number of treasury shares: 120 shares
- Number of shares expected to be issued: 3,764,377 shares
- Total value (based on par value): VND37,643,770,000
- Issue ratio: 10%
- Record date: August 08, 2019
- Time of implementation: expected in July 2019 or August 2019
- 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, shareholder A owned 584 shares. With 10% performing ratio, the shareholder A will receive: 584 * 10/100 = 58.4 shares. According to rounding policy, the shareholder A receives 58 new shares. The fractional shares of 0.4 will be cancelled.