SHB to hike chartered capital to 2tr dong

12-Oct-2007 Intellasia | 10/Oct/2007 Dau Tu Chung Khoan | 6:49 AM Print This Post

Saigon-Hanoi Commercial Joint Stock Bank (SHB) recently received the nod from the State Securities Commission (SSC) to raise its chartered capital from 500 billion dong to two trillion dong in 2007 by offering 150 million shares at 10,000 dong par to the public.

Under it, SHB will offer 70 million shares to the existing shareholders at 10,000 dong par and the ratio of 1,4 new shares for one share held, 80 million shares will be sold to the strategic partners and the bank’s employees with the price of 10,600 dong per share. In particular, 30 million shares or 15% of its chartered capital will be set aside for Vietnam Minerals and Coal Industry Group, the Vietnam Rubber Industry Group is allowed to buy 30 million shares or 15% of SHB’s chartered capital, 16 million shares or 8% for the Ha Long Group, 1.5 million or 0.75% for Hong Viet Investment Joint Stock Co and 2.5 million shares or 1.25% of SHB’s chartered capital for the bank’s employees.

SHB’s strategic shareholders and employees will be not allowed to transfer shares within three year as of buying date.


Category: Finance

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