LienVietPostBank limits foreign ownership to 5%

August 11, 2017 - 19:00

Liên Việt Post Joint Stock Commercial Bank (LienVietPostBank) has decided to limit the maximum ownership of foreign investors to five per cent of charter capital.

LienVietPostBank plans to list on the Unlisted Public Company Market (UPCoM) in the third quarter of 2017. — Photo cafebiz.vn

Viet Nam News

HÀ NỘI — Liên Việt Post Joint Stock Commercial Bank (LienVietPostBank) has decided to limit the maximum ownership of foreign investors to 5 per cent of charter capital.

The limitation on foreign ownership will be solicited by the shareholders. The list of shareholders will be closed on August 22, 2017.

Last month, LienVietPostBank was approved by the State Bank of Việt Nam to raise capital to VNĐ7.5 trillion (US$330 million) through the issuance of shares to distribute dividend to shareholders from accumulated earnings in 2016.

The bank plans to list on the Unlisted Public Company Market (UPCoM) in the third quarter of 2017.

Surprisingly, the bank has not yet announced its financial statement for the second quarter of 2017, as regulated. — VNS

Tags foreign investors LienVietPostBank

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