The Hanoi Stock Exchange (HNX) has announced the ex-rights date for receiving dividends and purchasing new shares issued by Danang Housing Development Joint Stock Co (NDN).
Shareholders who hold the shares of NDN code before December 1 will receive a cash dividend of the second phase in 2015 at the rate of 7% (700 VND / share). Dividends are paid from undistributed profits. Expected payment time is 11-1-2016.
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In addition to dividends, NDN also issued shares to existing shareholders at a ratio of 10: 6 (1 share is entitled to 1 right, 10 rights to buy 6 new shares) at the price of 10,000 VND / share. Subscription period starts at 8-12, the end time is 18-1-2016.
The total number of newly issued shares is 19.4 million, equivalent to 194 billion VND, will be added to working capital (94 billion VND) and invested in The Monarchy Block B (100 billion VND).
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According to the calculation, the number of newly issued shares accounts for 60% of the total number of outstanding shares (32.3 million shares).
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