Management board in Hoa Phat Group Joint Stock Co (coded HPG) has lately approved for method of converting 1.12 trillion dong convertible bonds under the code of HPG-CB09 into shares and advancing the company’s 2010 dividend.
In details, the bond has face value of 1 billion dong. The total share volume to be converted may reach 30,000,267 units with price of 37,333 dong per share. HPG planned to close the list of bond holders on November 25, 2010 and to convert the bonds into shares on November 30, 2010.
At the same time, the management board also decided to advance 2010 first-round dividend in cash with applied ratio of 12 percent next December.