Vietnam State holds 91.26pct stake in MHB

The Vietnamese Prime Minister on January 17 issued Decision No. 99/QD-TTg on adjusting the chartered capital and structure of the chartered capital of Mekong Delta Housing Development Bank (MHB), the smallest of the five state-run commercial banks.
Specifically, at present, the charter capital of MHB is 3.369 trillion dong.

In the past, MHB was the 100% state-owned bank. After selling 17.8 million shares to the public on July 20, 2011 at the average selling price of 11,025 dong/share, the structure of MHB’s shareholders has changed.

Currently, the State holds 91.26% stake in MHB, or more than 307.48 million shares, while trade union holds 2.68%, or more than 9 million shares; officers and employees holding 0.76% of capital, or more than 2.55 million shares, and external shareholders holding 5.3% of its equity, or more than 17.85 million shares.

The potential sale of shares to the public and selection of strategic partners must comply with prevailing regulations and Decision 611/QD-TTg dated April 25, 2011 of the Prime Minister on approving the equitisation plan of Mekong Delta Housing Development Bank. – Vietbiz24

Tags: Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Jan 22 2012. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry