CTI: Payment of 2025 Stock Dividend
Viet Nam Securities Depository and Clearing Corporation (VSDC) - Hochiminh City Branch would like to announce the record date of corporate action processing for the Securities registering institution as follows:
- Execution ratio: 100:10 (Holders of 100 shares will receive 10 new shares).
- Rounding method and treatment of fractional shares (if any): The number of shares issued for the dividend payment will be rounded down to the nearest whole number; any fractional portion (if any) will be cancelled.
Example: On the record date, shareholder Nguyen Van A holds 106 shares and is thus entitled to receive 10.6 additional shares. Under the fractional share treatment plan, the number of shares received by shareholder Nguyen Van A—after rounding down to the nearest whole number—is 10 shares. The fractional portion of 0.6 shares will be cancelled.
- Payment place:
+ The holders whose shares have been deposited will receive dividend at the depository member where they opened depository account.
+ The holders whose shares have not been deposited will must complete the procedures to receive the stock dividend at the headquarters of Cuong Thuan Idico Development Investment Corporation—located at No. 168 An Binh Quarter, Tran Bien Ward, Dong Nai City, Vietnam—during business days. When claiming the stock dividend, shareholders must present their Citizen Identity Card (or equivalent identification document), Business Registration Certificate (if applicable), or other documents identifying the securities holder as prescribed by law, or a valid power of attorney (in cases where the receipt of the stock dividend is authorized).
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.
Cuong Thuan Idico Development Investment Corporation and the parties involved in the process of preparing the dossier, documents of corporate action processin are fully responsible before the law for the legality, accuracy, truthfulness and completeness of the dossier; Institutions and individuals participating in the confirmation of records and documents shall be legally responsible within the scope related to such records and documents as prescribed in Clause 1, Article 11a of the Securities Law No. 54/2019/QH14 dated 26/11/2019, supplemented by Clause 4, Article 1 of Law No. 56/2024/QH15 dated 29/11/2024.
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