CDC: Right issue
Viet Nam Securities Depository and Clearing Corporation (VSDC) – Hochiminh Branch would like to announce about the record date as follows:
- Right code: MIRCDC251
- ISIN: VNMIRCDC2515
(Effective date of code allocation: 15/04/2025; effective date of code cancellation: 16/05/2025)
- Planned quantity of issued shares: 21,988,716 shares
- Issue price: 11,000 VND/share
- Execution rate: 1:1 (shareholders are entitled to 1 right for each share that they own and to buy 1 new share for each right)
- Principle of handling the unsubscribed shares: The Board of Directors (BOD) shall offer the remaining undistributed shares due to investors not subscribing or not making payment, to other investors (shareholders and others) at a price not lower than 11,000 VND/share. The specific price will be decided by the BOD. The remaining undistributed shares, when further distributed, will be restricted from transfer within 1 year from the date of closing the offering. The handling of the remaining shares has to comply with the provisions of Article 42 of Decree No. 155/2020/ND-CP dated 31/12/2020 and meet other conditions as prescribed in Clause 2, Article 195 of the Law on Enterprises and other relevant provisions of prevailing laws. In case the deadline for distributing shares expires according to applicable laws (including the extension period (if any)), if there are still undistributed shares, these shares will be cancelled and the BOD will decide to end the offering.
For example: Shareholder A owns 100 shares on the record date, shareholder A is entitled to 100*1/1=100 rights. Accordingly, shareholder A is entitled to buy is 100 shares.
- Regulations on right transfer:
+ Time period for right transfer: from 15/04/2025 to 21/04/2025
+ Shareholders with rights can transfer their rights to other parties at the negotiated price. Right is transferred once, transferee is not allowed to transfer to the 3rd party
- Regulations on subscription:
+ Time period for subscription and payment: from 15/04/2025 to 13/05/2025
+ Shares are freely transferable.
- Place for implementation:
+ The holders whose shares have been deposited have to make subscription procedures at the securities company where they opened trading account.
+ The holders whose shares have not been deposited will make subscription procedures at Chuong Duong Corporation, no.328 Vo Van Kiet, Co Giang ward, district 1, Hochiminh city
- Information on blockade account for subscription:
+ Account holder: Chuong Duong Corporation
+ Account number: 8681111999
+ Account opening place: BIDV - Dong Nai Branch
Schedule of processing right issue by Depository member is detailed in the attached file.
Depository members (DMs) are requested to compare the securities holders’ information in the List generated and sent in the form of Certificate of Authorization by VSDC with the information managed by DMs then send Confirmation (Form 03/THQ) in the form of Certificate of Authorization on the accuracy of the list of shareholders (For DMs who have not completed the connection to VSDC’s terminal-based gateway/ISO-based gateway or where the connection has been disrupted, the Confirmation with Certificate of Authorization shall be sent to thongbaoxacnhan@vsd.vn). In case of rejection due to data errors, VSDC's members are requested to send written notice on details of errors for necessary correction.
Deadline for sending confirmation: by 10.30 AM, 02/04/2025
If DMs do not send confirmation document by the above deadline, VSDC will consider the list provided to DMs by VSDC accurate and confirmed. In case of arising disputes and losses to shareholders, DMs will have to bear all the related responsibilities.
DMs are requested to fully inform this notice to each investor who has deposited the above shares at DMs within 3 working days from the date on the notice.
SCHEDULE FOR EXECUTION OF RIGHT ISSUE CDC
- Security name: shares of Chuong Duong Corporation
- Record date: 31/03/2025
- Deadline for depository members’ submission of Confirmation of securities owners entitled to right issue: by 10.30 am on 02/04/2025
- Time period for right transfer: from 15/04/2025 to 21/04/2025
- Time period for subscription and payment: from 15/04/2025 to 13/05/2025
- Deadline for members' submission of subscription list and making relevant payment to VSDC: 15/05/2025
- Account for cash transferring:
+ Account number: 1190078737
+ Account name: Viet Nam Securities Depository and Clearing Corporation - Hochiminh Branch
+ At the bank: Bank for Investment and Development of Vietnam – Nam Ky Khoi Nghia Branch.
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43,330|6,106
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6
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3,274
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803
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37
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9,528,697