If Vietcombank could not sell shares to strategic partners before listing 1.6 billion shares, the lender must seek exceptional approval from market regulator to do so. If Vietcombank could not sell shares to strategic partners before listing 1.6 billion shares, the lender must seek exceptional approval from market regulator to do so, the online newspaper [...]
Foreigners extended their net buying position on both two bourses today though their selling activities rose in the primary exchange, their buying focused on VCB while selling concentrated on realty stocks. On HOSE, foreigners net bought VND10.71 billion shares after buying 3,790,437 shares for VND107.21 billion and sold 4,000,177 shares for VND96.5 billion, accounting for [...]
Credit Suisse has been reappointed to advise state-controlled Vietcombank, one of Vietnam’s biggest and oldest banks, on the proposed sale of a 20-per-cent stake to foreign investors. The Swiss bank advised Vietcombank, which is 90.7 per cent owned by the state, on its abortive plan to attract a foreign strategic investor in 2007, when the [...]
VietCapital Securities Company initiates coverage on Vietcombank with an ADD rating and a price target of VND32,300, the broker said in a note to its clients. Asset quality concerns are abating as the bank built sufficient provisions and the bank’s focus has shifted to improving business growth and margins. Also, a likely sale to a [...]
Vietcombank has received a thumbs-up from the State Bank of Viet Nam to list nearly 1.6 billion shares on the domestic stock market. According to Vietcombank, 90.73 percent of its total shares are owned by the State, represented by the State Bank. To now, Vietcombank (listed as VCB on the HCM City Stock Exchange) has [...]
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