On December 15, 2020, Century Land Joint Stock Company announces the stock issuance to raise capital from the owner’s equity as follows:
- Stock name: Century Land Joint Stock Company
- Stock code: CRE
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 80,000,000 shares
- Number of outstanding shares: 79,999,892 shares
- Number of treasury shares:108 shares
- Number of shares expected to be issued: 15,999,978 shares
- Total value (based on par value): 159,999,780,000 dongs
- Issuing ratio: 20%
- Record date: December 30, 2020
- Plan to deal with fractional shares: The distributed shares will be rounded down to dozen, the fractional shares will be cancelled.
For example: At the record date, shareholder A owned 82 shares. With 20% performing ratio, the shareholder A will receive: 82 * 20/100 =16.4 shares. According to rounding policy, the shareholder A receives 16 new shares and the fractional shares of 0.4 will be cancelled.