The bank is expected to sell 10 percent shares worth VND360 million to foreign investors. Of the total, 53.9 million shares will be sold to Japanese Mizuho Bank to ensure ownership ratio of 15 percent. About 305.8 million shares will be sold to other foreign investors.
Selling price will not be lower than the level valued by valuation organizations and according to market price. Vietcombank share price was VND57,700 a share at the trading session on October 19.
In case of selling at that price, the bank will earn VND20,800 billion (US$900 million). The share offer for sale aims to increase Vietcombank's chartered capital by nearly VND3.6 trillion.
Other news
Automobile imports continue to climb
Husbandry export hits US$850 million
Food processing industry attractive to FDI enterprises
U.S enterprises learn about natural gas investment opportunities in Vietnam
Gasoline up, oil down
VN highly appreciated trade cooperation ties with Kazakhstan
Farmers to finish growing 1.2 million hectares of rice by November’s end
Project launched to ease cargo congestion at Cat Lai seaport
Agricultural product exports near US$34 billion
