Sacombank will make a 1:2 rights issue this year to raise 1.45 trillion VND (90mio US$), increasing its chartered capital to 3.55 trillion VND (221mio US$).
Some three million shares will also be offered to key executives at 15,000 VND.
A spokesperson for the bourse-listed Saigon Thuong Tin Commercial Bank – to give its official name – said Thursday the issue price and a detailed plan to expand capital and branch network this year would be presented at a shareholders’ meeting in March.
The bank’s stock rose by 4.4% to 83,000 VND on the stock market Thursday.
Sacombank has projected pre-tax profit of 845 billion VND (52.6mio US$) this year, up 55% from last year.
Its outstanding loans at the end of last year were 73% higher year-on-year at 14.54 trillion VND (905mio US$). Deposits increased 75% to 21.52 trillion VND (1.3 billion US$).
The bank has three foreign strategic shareholders, the World Bank's International Finance Corp., Dragon Capital and ANZ Bank , which altogether held 26.3% of stake.
Another sources said the central bank might lift the cap on foreign investors’ holdings in the bank.
Source: Thanh Nien
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment