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HTN: Approving the plan for stock issuance to pay dividend
HSX - 8/28/2019 4:45:00 PM
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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.

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