Customers transact at a transaction office of VietABank. The bank will issue shares to increase capital to VND3 trillion - Photo: Le Toan
HCMC – Vietnam Asia Commercial Bank (VietABank) will issue nearly 137 million shares to increase its chartered capital from VND1.63 trillion to VND3 trillion to comply with the central bank’s regulations.
Under the plan approved by the State Bank of Vietnam, the bank will issue 9.58 million shares to pay 2009 dividend of 7% to existing shareholders, and sell 26.1 million to existing shareholders at VND10,000 each with the ratio of 100:16.
In addition, VietABank plans to sell over 100 million shares to local investors at the price not lower than VND10,000 each.
* HCMC Housing Development Bank (HDBank) has got approval from the State Securities Commission to issue 145 million shares to increase its chartered capital from VND1.55 trillion to VND3 trillion.
The bank will issue shares in two phases; 45 million shares in the first phase will be sold to existing shareholders at the face value, while 95 million shares will be sold to existing shareholders and the remaining five million shares to staff in the second phase at VND10,000 each.
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