Tin mới
PM approves Vietcombank’ equitisation plan (01/10)
06/08/2010 - 83 Lượt xem
Under the decision dated September 26, the bank is permitted to issue shares to attract more capital on the principle that the State holds the bank’s majority of shares. Through different phases, the State’s stake in Vietcombank will be gradually reduced but the figure must be not below 51% of the bank’s chartered capital.
Vietcombank will issue shares in two phases. The total volume of share issued in the first phase will account for 30% of Vietcombank’s stake. This includes 6.5% stake being offered on its IPO, 3.5% to the bank’s employees and Vietcombank’s bond holders, 5% to domestic strategic investors and a maximum of 20% to foreign strategic investors.
In the second phase, the bank will issue and list a maximum of 15% stake in the international market.
Vietcombank is allowed to select a maximum of two strategic foreign investors which are requested to be financial organisations of international or regional scale and financial capacity with successful trading experience in the region, suitable trading culture and strategy. The selection must be completed prior to Vietcombank’s IPO. Strategic investors will be allowed to take part in the management structure of Vietcombank after equitisation.
The State Capital Investment Corporation acts as the owner of the State capital in Vietcombank which has a total charter capital of VND 15 trillion.
Source: Nhan Dan.
