HA NOI (VNS)— The State Securities Commission has agreed to extend the application of 15 per cent foreign ownership in Sacombank (STB).
Accordingly, the commission will approve a one year extension after the lender gathers opinions from its shareholders in April.
Currently, foreign investors hold just 5.91 per cent of Sacombank, so the 15 per cent limit would not affect its share price.
In May last year, the bank revised the room for foreign investors from 30 to 15 per cent. — VNS