More than 2.3 billion TCB shares to be traded in July

20-Jul-2018 Intellasia | NDH | 6:32 AM Print This Post

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank, code: TCB on HoSE) has reported the results of the share issuance for increasing capital from the equity source. The entire 2.33 billion TCB shares have been distributed to shareholders.

The list of shareholders having the right to receive bonus shares was finalised on July 6th. According to the bank, the number of shareholders on the list was 4,262 people. Compared to the 1,901 people on May 11th, this number is 2.24 times higher.

The volume of shares in circulation of Techcombank has increased to 3,496 billion shares. The shares issued in this period is expected to put into trading in July.

Although the number shares has risen significantly, Techcombank’s market capitalisation has fallen to just 65.5 percent of the value calculated based on the reference price on the offering date, because TCB share price after the adjustment has continued to decline. The price of TCB shares has dropped by 34.5 percent since the bank’s listing date (calculated based on adjusted price).

 


Category: Finance, Vietnam

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