HII: Board resolution on issuing bonus shares
An Tien Industries Joint Stock Company (HII) approved to implement the plan for issuing shares to raise share capital from the owner’s equity as follows:
- Listed firm: An Tien Industries Joint Stock Company
- Stock code: HII
- Par value: VND10,000
- Estimated issue volume: 4,804,125 shares
- Exercise ratio: 100:15
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.
For example, if shareholder A owns 2,222 shares at the record date, he will receive: 2,222*15/100 = 333.3 new shares. However, after rounded down, the real number of shares he receives is 333 shares. The fractional part (0.3 share) will be cancelled.