HHS collects shareholders’ opinions on the plan to issue shares to pay dividends in 2020

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HHS consulted shareholders to change the business field and issue shares to pay 2020 dividends. On June 30, the company announced the implementation of a share dividend in 2020 at the rate of 12%. Sao Mai Group must also consult shareholders on the plan to issue shares to pay dividends for 2019 and 2020.

Hoang Huy Investment Services (HoSE: HHS) announces the organization to collect shareholders’ opinions in writing. The last registration date to close the list of shareholders is September 29 and the last time for shareholders to send feedback is October 22.

Contents of opinion collection include changing industries, professions and business fields; deploying shares to pay dividends in 2020; detailed regulations on organization of the online General Meeting of Shareholders and other contents within the competence of the General Meeting of Shareholders.

On June 30, HHS announced the Resolution of the Board of Directors to implement the plan to issue shares to pay dividends in 2020 which was approved at the 2021 Annual General Meeting of Shareholders. Specifically, the company will issue nearly 33 million shares to pay a dividend rate of 12%. Charter capital is expected to increase to VND 3,070 billion. The source of distribution is taken from undistributed after-tax profits by the end of 2020.

HHS shares closed 9/9 at the price of 6,290 dong/share, down 17% over the past 2 months.

Source: TradingView

The fact that the dividend payment plan has been approved by the General Meeting of Shareholders but still requires shareholders’ opinions may be similar to Sao Mai Group (HoSE: ASM). Shareholders approved the plan to pay dividends in 2019 and 2020 at the 2021 Annual General Meeting of Shareholders at the rate of 30%, but after submitting the dossier to the State Securities Commission for implementation in shares, they received a response is not meeting the conditions specified in Clause 1, Article 60 of Decree No. 155/2020/ND-CP that there is a plan to issue shares to pay dividends approved by the General Meeting of Shareholders.

Source: ndh.vn – Translated by fintel.vn