The Board of Directors of An Phat Bioplastics Joint Stock Company approved to issue shares to increase the share capital from the owner’s equity:
− Stock name: Stock of An Phat Bioplastics Joint Stock Company
− Stock type: common stock
− Par value: VND10,000/share
− Outstanding volume: 296,759,974 shares
− Estimated issue volume: 29,675,997 shares
− Total issue value at par value: VND296,759,970,000
− Issue ratio: 10:1 (those who own 10 shares will receive 01 new share)
− Plan to deal with fractional shares: The shares newly issued to shareholders will be rounded down to units. The fractional shares (if any) will be cancelled.
For example, on the record date, shareholder A owns 2222 shares. Shareholder A will receive: 2,222*1/10 = 222.2 shares. After rounded down, the real number of shares shareholder A receives will be 222 shares. The fractional part (0.2) will be cancelled.
− Issue date: in August 2021.