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CRE: Stock issuance to raise capital
HOSE - 12/16/2020 2:34:00 PM
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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.

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