The Board resolution dated August 26, 2019, Hung Thinh Incons Joint Stock Company approved the plan for stock issuance to pay dividend as follows:
- Stock name: Hung Thinh Incons Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 28,749,924 shares
- Number of outstanding shares: 28,749,924 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 4,312,488 shares
- Total value (based on par value): VND43,124,886,000
- Issue ratio: 100:15 (shareholder who owns 100 shares will receive 15 new shares).
- Time of implementation: expected in October 2019 after being approved by the State Securities Commission of Vietnam (SSC).
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.
- Issue purpose: to pay stock dividend for 2018.