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EVN not allowed to sell shares

Update: February, 24/2012 - 09:57

HCM City — The State Bank of Viet Nam has rejected Electricity of Viet Nam (EVN)'s proposal to sell its shares in An Binh Commercial Bank to HCM City's Housing Development Bank.

EVN is currently the largest shareholder in An Binh Commercial Bank, owning 25 per cent of the total stake. However, the SVB decided that the sale was not allowed under State regulations for the transferring of equity shares.- VNS

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