SeABank issues 110 million shares for dividend payment

July 13, 2021 - 08:44

Southeast Asia Commercial Joint Stock Bank (SeABank, SSB) said that it will issue more than 110 million additional shares to pay 2020’s dividend at a rate of 9.12 per cent, as well as issue 23.5 million shares for employees (ESOP).

SeABank's employees and customers wearing masks during transactions. VNA/VNS Photo

HÀ NỘI — Southeast Asia Commercial Joint Stock Bank (SeABank, SSB) said that it will issue more than 110 million additional shares to pay 2020’s dividend at a rate of 9.12 per cent, as well as issue 23.5 million shares for employees (ESOP).

The capital to issue dividend stocks is from the accumulated undistributed profit after tax according to the consolidated audited financial statements for 2020.

The last registration date to exercise the right to receive dividend stocks is July 26 with a rate of 9.12 per cent.

In June, SeABank was approved by the State Bank of Vietnam (SBV) and the State Securities Commission (SSC) to increase the maximum charter capital by more than VNĐ2.697 trillion through the form of stock issuance to pay dividends from 2020’s retained earnings after allocating provision funds, issuing stocks for existing shareholders and preferred shares for employees.

In March, the bank was officially listed on the Hồ Chí Minh Stock Exchange (HoSE) with ticker symbol SSB. VNS

VN's food processing industry struggles to improve quality and value chain integration

Economy

Aviation stocks waiting for takeoff as businesses soar

Economy

Monetary policy forecast unlikely to loosen further

Economy

PM attends Dominican Republic-Việt Nam business dialogue in Santo Domingo

Economy

New decree on using telecommunications accounts for payment proposed

Economy

Việt Nam resolved to boost digital economy with national action plan

More on this story

Economy

Petrosetco will soon issue 4 million ESOP shares

Petrovietnam General Services JSC Corporation (Petrosetco, PET) just announced a plan to issue stocks for employees (employee stock ownership plan, ESOP) in 2021.

Economy

Ministry proposes reduction in insurance deposits for travel firms

The Ministry of Culture, Sports and Tourism wants to reduce the value of insurance deposits by 80 per cent to help travel companies that are struggling because of COVID-19.

Economy

COVID-19 can help boost the use of new technology in manufacturing

With production and supply chain disruptions caused by the COVID-19 pandemic, producers and consumers have to find ways to adapt.

Economy

Manufacturing firms see improvements ahead

More than a third of manufacturing and processing enterprises believe business will pick up in the third quarter of this year.

Economy

Power firm signs strategic deal with Singapore giant

Power Generation Corporation 2 – JSC made its debut on July 11 and signed a strategic agreement with Singapore’s Sembcorp Industries to promote ties in corporate governance, digital transformation and renewable energy development.

Economy

Petrol price up to nearly VNĐ22,000 per litre

The Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) increased petrol prices by more than VNĐ850 per litre on Monday.

Economy

Shares nosedive on panic sell-off

Vietnamese shares plunged on Monday as panic selling flooded the market, following surging COVID-19 cases, reinforcing fears of further economic pain from restrictions induced by the virus.

Economy

Vietnam Airlines to resume international flights

Vietnam Airlines (VNA) has announced plans to restart international commercial flights starting July 15. This is to meet growing demand from Vietnamese citizens that want to study and work abroad and foreigners that want to return home.

Economy

THACO donates specialised trucks for transporting vaccines, mobile vaccination

THACO donated 63 specialised trucks each for transporting COVID-19 vaccines and carrying out mobile vaccination and taking samples at the ceremony to launch the national COVID-19 vaccination campaign in Hà Nội on July 10.