HUT: Right issue
Date update 20/06/2025 - 16:17:08
Vietnam Securities Depository and Clearing Corporation (VSDC) would like to announce the record date of corporate action processing for the Securities registering institution as follows:
Issuser's name:
TASCO Joint Stock Company
Securities name:
Shares of TASCO JSC
Securities code:
HUT
ISIN:
VN000000HUT7
Par value:
10,000 VND
Trading Platform:
HNX
Securities type:
Common shares
Record date:
30/06/2025
Reason:
Right issue
+ Right code: MIRHUT251
+ ISIN code: VNMIRHUT2510
(Effective date of code allocation: 07/07/2025; effective date of code cancellation: 25/08/2025)
+ Planned quantity of issued shares: 178,502,393 shares
+ Issue price: 10,000 VND/share
+ Execution rate: 5:1 (On the record date, shareholders are entitled to 1 right for each share that they own and to buy 1 new shares for every 5 rights).
- Principle of rounding, handling fractional shares and unsubscribed shares (if any):
+Principle of rounding: the number of shares additionally offered will be rounded down to the whole number . The decimal fractional shares (if any) arising when shareholders exercise their rights, will be aggregated and handled according to the plan for handling fractional shares and remaining shares due to shareholders not exercising their rights.
- For example: On the record date for exercising rights, shareholder Nguyen Van A owns 216 shares, the number of rights is 216 , accordingly the number of shares that Nguyen Van A can purchase will be 216 x 1: 5 = 43.2 shares. According to the rounding down principle mentioned above, the number of shares of shareholder A purchased after rounding down is 43 shares. The fractional number of shares is 0.2 shares will be aggregated and processed according to the plan for handling fractional shares and remaining shares due to shareholders not exercising rights.
- Principle for handling fractional shares, principle for handling shares that are not fully purchased:
+ For the number of shares that shareholders do not exercise their right to purchase in full and/or refuse the right to purchase, and/or do not make payment for the purchase within the prescribed time limit, and the fractional shares arising due to rounding principle, the Board of Directors will determine the criteria, list of investors, and the number of shares distributed to each investor for further distribution with the conditions of offering, price conditions, and conditions on rights and obligations of investors that are no more favorable than the conditions of offering to existing shareholders. These shares are restricted from transfer within 01 year from the date of closing the offering;
+ In case the party selected by the Board of Directors to continue distributing shares is subject to a public offering, that party is responsible for carrying out the public offering procedures in accordance with the provisions of law;
+ The handling of fractional shares, the distribution of remaining shares not fully offered for sale must satisfy the conditions under Article 42 of Decree 155/2020/ND-CP dated December 31, 2020 and other conditions as prescribed by prevailing laws;
+ Ensure that shares are not distributed to subsidiaries and subsidiaries within the same parent company as prescribed in Clause 2, Article 195 of the Enterprise Law 2020 No. 59/2020/QH14;
+ In case the deadline for distributing shares expires as prescribed by prevailing laws (including the extended period, if any), if there are still undistributed shares, these undistributed shares will be canceled and the Board of Directors will decide to end the offering.
- Regulations on rights transfer:
+ Time for transfer of right issue: From 07/07/2025 to 15/08/2025.
+ Purchase rights can be transferred once. The transferee cannot transfer them to a third party. The transferor and transferee shall agree on the transfer price and pay the transfer fee. The transfer of the purchase right must comply with the provisions of Article 42, Decree 155/2020/ND-CP dated December 31, 2020 and relevant legal provisions.
+ The number of shares purchased by existing shareholders under the purchase right or shares of investors who repurchase the right from existing shareholders are freely transferable.
+ Shareholders who are subject to transfer restrictions are still entitled to purchase shares, the number of additional purchased shares is not subject to transfer restrictions.
+ The number of shares that shareholders do not register to purchase or do not pay for the purchase are redistributed by the Board of Directors to other investors and are restricted from transfer for 01 year from the end date of the offering.
- Regulations on purchased securities:
+ Time for subscription and payment: From 07/07/2025 to 20/08/2025
+ Purchased securities are common and freely transferable.
- Place for implementation:
+ The holders whose shares have been deposited have to make transfer of purchase right, subscription and payment at the depository member where they opened depository account.
+ The holders whose shares have not been deposited will make right transfer, subscription and payment at the headquarters of Tasco Joint Stock Company (20th Floor, Tasco Building, Lot HH2-2, Pham Hung Street, Me Tri Ward, Nam Tu Liem District, Hanoi City). ID card have to be presented.
- Information on blockade account for subscription:
+ Account holder: Tasco Joint Stock Company
+ Account number: 119002923250
+ Account opening place: Vietinbank - Thang Long Branch.
- Information on Account for cash transferring:
+ Account number: 1220173177
+ Account name: Vietnam Securities Depository and Clearing Corporation
+ Account opening : Vietnam Joint Stock Commercial Bank for Investment and Development - Ha Thanh branch.
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
+ ISIN code: VNMIRHUT2510
(Effective date of code allocation: 07/07/2025; effective date of code cancellation: 25/08/2025)
+ Planned quantity of issued shares: 178,502,393 shares
+ Issue price: 10,000 VND/share
+ Execution rate: 5:1 (On the record date, shareholders are entitled to 1 right for each share that they own and to buy 1 new shares for every 5 rights).
- Principle of rounding, handling fractional shares and unsubscribed shares (if any):
+Principle of rounding: the number of shares additionally offered will be rounded down to the whole number . The decimal fractional shares (if any) arising when shareholders exercise their rights, will be aggregated and handled according to the plan for handling fractional shares and remaining shares due to shareholders not exercising their rights.
- For example: On the record date for exercising rights, shareholder Nguyen Van A owns 216 shares, the number of rights is 216 , accordingly the number of shares that Nguyen Van A can purchase will be 216 x 1: 5 = 43.2 shares. According to the rounding down principle mentioned above, the number of shares of shareholder A purchased after rounding down is 43 shares. The fractional number of shares is 0.2 shares will be aggregated and processed according to the plan for handling fractional shares and remaining shares due to shareholders not exercising rights.
- Principle for handling fractional shares, principle for handling shares that are not fully purchased:
+ For the number of shares that shareholders do not exercise their right to purchase in full and/or refuse the right to purchase, and/or do not make payment for the purchase within the prescribed time limit, and the fractional shares arising due to rounding principle, the Board of Directors will determine the criteria, list of investors, and the number of shares distributed to each investor for further distribution with the conditions of offering, price conditions, and conditions on rights and obligations of investors that are no more favorable than the conditions of offering to existing shareholders. These shares are restricted from transfer within 01 year from the date of closing the offering;
+ In case the party selected by the Board of Directors to continue distributing shares is subject to a public offering, that party is responsible for carrying out the public offering procedures in accordance with the provisions of law;
+ The handling of fractional shares, the distribution of remaining shares not fully offered for sale must satisfy the conditions under Article 42 of Decree 155/2020/ND-CP dated December 31, 2020 and other conditions as prescribed by prevailing laws;
+ Ensure that shares are not distributed to subsidiaries and subsidiaries within the same parent company as prescribed in Clause 2, Article 195 of the Enterprise Law 2020 No. 59/2020/QH14;
+ In case the deadline for distributing shares expires as prescribed by prevailing laws (including the extended period, if any), if there are still undistributed shares, these undistributed shares will be canceled and the Board of Directors will decide to end the offering.
- Regulations on rights transfer:
+ Time for transfer of right issue: From 07/07/2025 to 15/08/2025.
+ Purchase rights can be transferred once. The transferee cannot transfer them to a third party. The transferor and transferee shall agree on the transfer price and pay the transfer fee. The transfer of the purchase right must comply with the provisions of Article 42, Decree 155/2020/ND-CP dated December 31, 2020 and relevant legal provisions.
+ The number of shares purchased by existing shareholders under the purchase right or shares of investors who repurchase the right from existing shareholders are freely transferable.
+ Shareholders who are subject to transfer restrictions are still entitled to purchase shares, the number of additional purchased shares is not subject to transfer restrictions.
+ The number of shares that shareholders do not register to purchase or do not pay for the purchase are redistributed by the Board of Directors to other investors and are restricted from transfer for 01 year from the end date of the offering.
- Regulations on purchased securities:
+ Time for subscription and payment: From 07/07/2025 to 20/08/2025
+ Purchased securities are common and freely transferable.
- Place for implementation:
+ The holders whose shares have been deposited have to make transfer of purchase right, subscription and payment at the depository member where they opened depository account.
+ The holders whose shares have not been deposited will make right transfer, subscription and payment at the headquarters of Tasco Joint Stock Company (20th Floor, Tasco Building, Lot HH2-2, Pham Hung Street, Me Tri Ward, Nam Tu Liem District, Hanoi City). ID card have to be presented.
- Information on blockade account for subscription:
+ Account holder: Tasco Joint Stock Company
+ Account number: 119002923250
+ Account opening place: Vietinbank - Thang Long Branch.
- Information on Account for cash transferring:
+ Account number: 1220173177
+ Account name: Vietnam Securities Depository and Clearing Corporation
+ Account opening : Vietnam Joint Stock Commercial Bank for Investment and Development - Ha Thanh branch.
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
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6
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3,370
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37
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10,070,952