Sai Son Cement Co. pays dividend in shares and offers shares at 20,000 dong/share

VNStockNews.com - Vietnam Securities Depository Centre (VSD) announced that November 25 would be the registration deadline for shareholders of Sai Son Cement Joint Stock Co (coded SCJ) for the company to pay 2009 dividend in shares and offering additional shares for the existing shareholders.

In details, the company plans to pay 2009 dividend in shares at the rate of 5:2. Each shareholder owning one share has one buying warrant, and every five buying warrants for two new shares. The total share volume to be offered was 1.904 million shares The shares left unallocated will be distributed to other investors by the company's management board under the specific methods and with offered price no less than that for the shareholders of 20,000 dong per share.

In addition, the company will offer 2.856 million shares for the existing shareholders with the ratio of 5:2 with initial price of 20,000 dong per share.

After November 17, SCJ share price was posted at 77,000 dong per share.

Those shares that are left unsold will be distributed to other investors with the offered price of no less than the share price to be applied for the company's staff of 22,000 dong per share.
The period for transferring the buying warrants would last from December 7 to 28.

The shareholders have to register and make deposits for buying shares from December 7 to 30.