The Dabaco Vietnam Group Joint Stock Company (Ticker: DBC) has decided to set August 8, 2025, as the record date for the 2024 stock dividend. Dabaco intends to issue over 50 million shares to shareholders, equating to a 15% issuance rate, meaning shareholders will receive 15 new shares for every 100 shares they own. The total issuance value is estimated at over 502 billion VND. If the issuance is successful, the total number of Dabaco shares will increase from nearly 334.7 million to approximately 384.9 million, raising the charter capital to around 3,848.7 billion VND.
Chairman Nguyen Nhu So currently holds nearly 80 million shares, thus he is expected to receive about 12 million new shares from this dividend payout. Additionally, Dabaco has approved numerous management decisions, including the acquisition of shares from Dong Trieu Agricultural Farm and investments in breeding projects in Quang Ninh, Thai Nguyen, and Thanh Hoa.
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