LPB stops trading on UPCoM after October 23

23-Oct-2020 Intellasia | NDH | 6:02 AM Print This Post

The Hanoi Stock Exchange (HNX) announced to cancel the transaction registration for nearly 977 million shares of LienVietPostBank (stock code: LPB) on October 26. The last trading date at Unlisted Public Company Market (UPCoM) is October 23. Cancellation of the transaction registration is aimed at implementing the schedule of listing on Hochiminh Stock Exchange (HOSE) after being approved.

Nguyen Anh Van, deputy general director of LienVietPostBank, said it was expected that by early November, the bank would be listed on HoSE. The reference price in the first trading session on HoSE was determined by the average of the last 20 trading sessions on UPCoM.

The bank also said that the progress of transferring LPB stock exchange will be 1-2 months earlier than other banks. ACB, VIB, SHB are also implementing the listing roadmap on HoSE in 2020. Recently, VIB has been approved to list, while ACB has applied to transfer to HoSE.

According to LienVietPostBank, nine-month pre-tax profit of the bank reached more than 1.74 trillion dong, exceeding the 2020 plan, 6 percent higher than the same period in 2019. Thus in the third quarter, the bank’s profit was 736 billion dong, up 42%. With the forecast that the economy continues to recover, the demand for business loans and consumer loans will increase again, the bank’s leaders believe that pre-tax profit of 2020 will exceed the previous year and reach the highest level in 12 years of operation.

LienVietPostBank was also approved by the State Bank of Vietnam to increase its charter capital from more than 9.769 trillion dong to more than 10.746 trillion dong through the issue of shares to pay dividends in 2019.


Category: Finance, Vietnam

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