VietinBank to issue additional nearly 600m shares

Vietnam Commercial Joint Stock Bank of Industry and Trade (VietinBank-CTG) has announced to issue additional shares via paying dividend and bonus shares.

In particular, VietinBank will pay 2011 dividend in shares at 20 percent and bonus shares at 9.6 percent. The registration deadline is on April 4.

The total additional shares will be nearly 600 million units. Of which, 405 million shares will be offered to pay 2011 dividend and 194 million units will be bonus shares from its capital surplus.

It is expected that after the share issuance, VietinBank will have 2.6 billion shares in circulation.

 

Category: Finance