Eximbank wins approval to list on HCMC bourse

Vietnam Export-Import Commercial Joint-Stock Bank, known as Eximbank, won approval to list shares on the country’s main exchange, according to a statement on the Ho Chi Minh Stock Exchange’s website.

Eximbank, partly owned by Sumitomo Mitsui Financial Group Inc., received initial permission from the exchange to list about 880 million shares, according to the statement. The company will have to list the shares within 90 days after receiving final approval from the exchange.

The company canceled plans to list last year because of a slump in the stock market. The benchmark VN-Index of Vietnamese stocks has rallied 78 percent this year after dropping 66 percent in 2008.

thanhnien, Bloomberg

>   Vietnam first company lists on US exchange (20/09/2009)

>   Cotton firm resumes operations after 14 months (20/09/2009)

>   Indochina Airlines: Debt payment agreed and we’ll lease another aircraft (20/09/2009)

>   Petrolimex allowed to break Vinapaco’s jet fuel monopoly (19/09/2009)

>   Carlsberg ups presence in Vietnam, stake in Habeco (19/09/2009)

>   HLG: Transaction of affiliated person (19/09/2009)

>   AAM: Announcement of the first trading date (19/09/2009)

>   MCG: Announcement of the first trading date (19/09/2009)

>   RDP: Announcement of the first trading date (19/09/2009)

>   VN-Index jumps to over-one-year high (18/09/2009)