Wednesday, July 11, 2007

Vietindebank plans Q1 2008 domestic listing

State-run Bank for Investment and Development (Vietindebank), Vietnam's second largest, plans to list in the first quarter of 2008 after an IPO in the fourth quarter of 2007, chief executive Tran Bac Ha said on Wednesday.

"Our plan will go on as scheduled, but the government will have make a final decision on the IPO timing," Ha told Reuters before signing a contract with Morgan Stanley as consultant for its initial public offering.

Vietindebank said in a statement it would issue shares on an unspecified international market "at an appropriate time".

Source: Reuters

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