Tin Nghia Industrial Park Development Joint Stock Company announced the resolution of annual general meeting dated August 09, 2021 (on seeking shareholders’ approval):

AGM approved issue shares to existing shareholders:

1)      Stock name: Stock ofTin Nghia Industrial Park Development Joint Stock Company

2)      Stock type: common share

3)      Par value: VND10,000/share

4)      Outstanding volume: 26,003,143 shares

5)      Expected issue volume: 39,004,714 shares

6)      Total issue value: VND390,047,140,000

7)      Issue ratio: 2:3

8)      Issue price: VND25,000/share

9)      Regulation on transfer: Rights are transferred only once at the price agreed by 2 partners and not done again to the third one.

10)  Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares (if any) will be distributed to issuance-underwriting organization. 

11)  Regulation on purchased shares: The purchased shares are transferable.

12)  Time of implementation: expected in 2021.