Viet Nam Securities Depository and Clearing Corporation (VSDC) – Hochiminh Branch would like to announce the record date of corporate action processing for the Securities registering institution as follows:
- Execution rate: 100 : 2 (on the record date for shareholders to exercise the right to receive stock dividend, each shareholder will receive 2 new shares for every 100 shares under ownership).
- Principle of rounding and handling fractional shares: the number of shares issued will be rounded down to the whole number, the fractional shares (if any) will be removed.
Example: On the record date, shareholder A who owns 585 shares are entitled to receive (585:100) x 02 = 11.7 new shares. According to the rounding principle, shareholder A will receive 11 new shares, the 0.7 fractional shares will be removed.
- Payment place:
+ The holders whose shares have been deposited will receive stock dividend at the depository member where they opened depository account.
+ The holders whose shares have not been deposited will complete procedures to receive stock dividend at Cho Lon Real Estate Joint Stock Company (No.118 Hung Phu, Chanh Hung ward, Hochiminh City) on working days and ID cards have to be presented.
Coordination details and procedures for corporate action processing for holders of the above securities between VSDC, the Securities registering institution and depository members are specified in the Guideline on corporate action processing for securities holders at VSDC.