Canadian insurer Manulife plans to raise 250 billion dong ($15.5 million) from a new investment fund in Vietnam, the government said on Tuesday.
The State Securities Commission said in a statement that Manulife would establish the Manulife Progessive Fund (MAFPF1). It planned to raise 250 billion dong by selling 25 million fund certificates with a face value of 10,000 dong each.
The statement did not provide details of when the sale would take place.
Source: Reuters
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