Sacombank Issues Shares to the Public

Receiving the approval from the State Bank of Vietnam - Hochiminh City Branch and the State Securities Committee on July 11, the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has sent a document to the Hochiminh Stock Exchange (HOSE) to inform it of the final day to fix the list of shareholders for divid payment 2007 and seeks shareholders to change its IPO plan this year. The final day for registration is July 25, 2008.

 

Accordingly, Sacombank will issue shares for divident payment for the year of 2007 on the ratio of 15 percent (equal to 20:3). The ex-right date will be July 23 and the planned listing date is September 15 this year.

 

Besides, Sacombank will also seek shareholders&rsquoopinons in docements on the change of its IPO plan in 2008, including abrogating the issuance of shares to current shareholders (20 percent/total capital) abrogating the issuance of shares to key managements (3,000,000 shares) abrogating the issuance of shares to foreigner investors (1,285,714 shares). The expected duration for sing and receiving shareholders&rsquo feedback is from 8 August 2008 to 20 September 2008.