SCS: The Board of Directors approves ESOP

SCS: The Board of Directors approves ESOP

On July 17, 2019, the Board of Directors of Saigon Cargo Service Corporation approved the employees stock ownership plan (ESOP) as follows:

-       Stock: Stock of Saigon Cargo Service Corporation

-       Stock type: common stock

-       Par value: VND10,000/share

-       Estimated issue volume: 380,000 shares

-       Total estimated issue par value: VND3,800,000,000

-       Issue ratio: 0.76% on the outstanding shares

-       Issue price: VND48,000/share

-       Transfer restriction period: 02 years from the issue date

• First year: 100% restricted
• Second year: 50% restricted

-       Issue date: in Quarter II or III.2019

-       Consulting company: Branch of Baoviet Securities Joint Stock Company.

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