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VIB puts shares in VN Securities Depository

Update: December, 14/2016 - 09:00

HÀ NỘI — More than 564.4 million shares of Vietnam International Bank (VIB) were deposited at the Vietnam Securities Depository under code VIB as of December 12.

According to the Vietnam Securities Depository, value of the registered shares is worth more than VNĐ5.644 trillion (US$248.63 million), equal to VNĐ5.644 trillion of the bank’s charter capital.

The move was the bank’s first step to list on the stock exchange next year.

Previously, in November, VIB said it was implementing procedures to get listed on UPCoM early next year instead of 2018 as previously planned.

The bank’s representatives said getting listed on UPCoM would increase its value for VIB investors, owing to good liquidity.

The bank said it had completed procedures to increase its charter capital to VNĐ5.644 trillion, as approved by the State Securities Commission and the State Bank of Việt Nam.

In April, at the VIB shareholders meeting, the plan to increase charter capital from VNĐ4.85 trillion to VNĐ5.644 trillion by issuing share dividends of 16.5 per cent was approved. — VNS

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