SSI allocates bonus shares at ratio 1:1

VNStockNews.com - Saigon Securities Joint Stock Co (coded SSI) has approved the plan of allocating bonus shares at ratio of 1:1 and paying dividend of 10 percent in cash. In addition, the company would issue 3 million shares for key staff.

In its latest shareholders meeting, the company's shareholders have also decided to issue individual convertible bonds with maximum value of 2 trillion dong in par value. The bonds will be offered at face-value price for about 100 investors with terms of 12-24 months. The price for converting bonds to value at the due date will be decided by the company's management board. However, the offered price must be equal to at least 85 percent of the market price at the time of issuing.