Vietinbank to Offer 300,000 Unsold Shares
The Vietnam Bank for Industry and Trade (Vietinbank) will offer 282,743 shares investors booked but refused to take from the initial public offering December 25 via the Hochiminh Stock Exchange (HOSE) within this month.
The bank will offer the shares January 21-22 at a winning price of not less than VND20,257, the HOSE announced on its website.
At the bank’s IPO last Christmas, foreigner investors bought 874,397 shares out of 53.6 million shares sold. Vietinbank raised US$66.7 million from the auction.
Vietinbank, the second biggest joint stock lender after the share sale, has also sold a 10 per cent stake to foreign strategic partners and a 3.3 per cent stake to domestic strategic investors.
The lender is scheduled to list its shares on the country’s main bourse-Ho Chi Minh City Stock Exchange in April. (HOSE, Vietnam Economic Times)
Vietnamese
