Hoa Phat group to convert 1.12b dong bonds and pay 20pct dividend

08-Nov-2010 Intellasia | Vietstock | 8:28 PM

Southern bourse-listed Hoa Phat Group Joint Stock Co (coded HPG)’s director board recently agreed to convert 1.12 billion dong of HPG-CB90 bonds into shares and pay 20 percent dividend in cash for shareholders in 2010.

The payment date is scheduled in December.

The ex-interest date to receive dividend is on December 3.

Accordingly, these bonds with the face value of one billion dong will be converted into 30,000,267 shares priced at 37,333 dong per share on November 30.

The company will close the shareholders list for the conversion on November 25.

The company will also increase its chartered capital after the conversion.