On May 25, 2022, the BOD of Song Hong Garment Joint Stock Company announces the record date to pay stock dividend for 2021 with details as follows:
- Record date: June 08, 2022
- Exercise ratio: 2:1 (Those who own 02 shares will receive 01 new share.)
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares (if any) will be cancelled.
- For example: at the record date, shareholder A owns 201 shares. With 2:1 exercise ratio, the shareholder A will receive: 201 *1/2 = 100.5 shares. According to rounding policy, the shareholder A will receive 100 new shares and the fractional shares of 0.5 share will be cancelled.