More than 924 million VIB shares were listed on HOSE

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VIB shares issued by Vietnam International Commercial Bank were approved by Ho Chi Minh City Stock Exchange (HOSE) on October 16, 2020.

Hơn 924 triệu cổ phiếu VIB được chấp thuận niêm yết HOSE - Ảnh 1.

A branch of the International Commercial Joint Stock Bank (VIB) in Hanoi. (Photo: Song Ngoc)

Today October 16, Ho Chi Minh City Stock Exchange (HOSE) has issued a decision to approve listing shares for Vietnam International Commercial Joint Stock Bank with stock code VIB, the number of listings is more than 924.49 million units.

The listed value at par value is approximately 9,245 billion dong, equal to the current bank’s charter capital.

In mid-September, the State Bank allowed VIB to increase its charter capital from nearly 9,245 billion dong to nearly 11,094 billion dong according to the plan to share bonus shares at the rate of 20% for existing shareholders. This capital increase plan was approved by VIB’s shareholders at the annual meeting held in June 2020.

VIB shares are traded on the UPCoM market from January 9, 2017 up to now. On August 31, 2020, HOSE announced that it had received the registration documents to list 924.49 million shares of VIB. After that, the bank’s shareholder approved to cancel the transaction registration on UPCoM market to list shares on HOSE.

It is not clear when VIB shares will officially switch to trading on HOSE.

Hơn 924 triệu cổ phiếu VIB được chấp thuận niêm yết HOSE - Ảnh 2.

Share price of VIB. Source: Tradingview.

At the end of October 16, VIB’s stock price stopped at 33,200 dong per unit, equivalent to a market capitalization of nearly 29,700 billion dong.

Compared to the first day of the year, VIB’s share price has increased by nearly 90%. Compared to the bottom at the end of March, the bank’s share price increased by over 160%.

VIB is not the only bank that wants to put shares on HOSE this year. On the same day, October 16, HOSE said it had received registration documents to list more than 2.16 billion shares of Asia Commercial Bank (ACB). ACB shares are currently listed on the Hanoi Stock Exchange (HNX).

LPB shares of Lien Viet Post Commercial Joint Stock Bank, which are traded on UPCoM market, were also listed by HOSE on October 14.

Like VIB, the share prices of ACB and LPB also increased sharply in 2020.

Source: – Translated by