ABS: BOD approved to issue shares for dividend payment

Jul 14th at 16:11
14-07-2020 16:11:40+07:00

ABS: BOD approved to issue shares for dividend payment

The Board resolution dated July 11, 2020, the BOD of Binh Thuan Agriculture Services JSC approved the following issues:

1)      Approving the stock issuance to pay dividend for 2019:

-          Issue volume: 7,200,000 shares (equivalent to 25% number of outstanding shares)

-          Par value: VND 10,000

-          Total value (based on par value): VND 72,000,000,000

-          Issue ratio: 10:2.5 (shareholder who owns 01 share will receive 2.5 new shares).

-          Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be cancelled.

-          Time of implementation: expected in Q3.2020.

2)      Approving the dossier of stock issuance to pay dividend:

-          Report on the stock issuance to pay dividend;

-          Business Registration Certificate;

-          Organization and Operation Charter;

-          Audited financial statements in 2019;

-          Financial statements in Quarter 1/2020.

-          Resolution on the Annual General Meeting 2020;

-          The Board resolution approved to carry out stock issuance and the issuance documents;

-          Other documents.

HOSE



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Seafood firm Vinh Hoan to pay dividend in shares

The Dong Thap Province-based Vinh Hoan Company (VHC), the largest tra fish exporter in Viet Nam, plans to issue nearly 91 million shares to pay a 2019 dividend.

Transimex (TMS) to pay dividend at rate of 25 per cent

Transimex Corporation (TMS) plans to pay 2018 dividends in cash and shares with a ratio of 25 per cent, of which 10 per cent is in cash and 15 per cent in shares.

Sai Gon Thuong Tin Real Estate JSC to pay dividend in shares

Sai Gon Thuong Tin Real Estate JSC (SCR) plans to issue more than 27.1 million shares to pay 2018’s dividend in the fourth quarter of this year.

Fertiliser firm to pay $20.5 million dividend

PetroVietnam Ca Mau Fertiliser JSC will spend VND476.5 billion (US$20.5 million) to pay a cash dividend for its performance in 2018.

VietinBank Securities (CTS) to pay a cash dividend at 10 per cent rate

VietinBank Securities Joint Stock Company (CTS) plans to pay a 2018 dividend in cash at a rate of 10 per cent.

Sabeco (SAB) plans to pay 15% cash dividend in September

The Saigon Beer-Alcohol-Beverage Corporation (Sabeco) will pay every shareholder VND1,500 (US$0.06) per share, or a 15 per cent cash dividend rate, to complete its...

Food and beverage firm (VCF) posts highest cash dividend payout rate

Coffee maker Vinacafe Bien Hoa maintains its top position on the Vietnamese stock market in terms of cash dividend payout rate.

ABBank pays 7.4 per cent stock dividend

An Binh Commercial Joint Stock Bank (ABBank) has paid a 7.4 per cent dividend for 2017 in shares.

Insurer Bao Viet (BVH) to pay US$30m dividend

Insurance-finance group Bao Viet plans to pay VND700 billion (US$30 million) worth of dividends for the 2018 financial year.

Masan Consumer (MCH) to finalise list of dividend receivers

Masan Consumer JSC (MCH) is finalising a list of shareholders who will receive cash dividends on June 10.


MOST READ


Back To Top