Three billion more stocks to start trading next week

An additional three billion bank stocks will start trading on the HCM Stock Exchange (HOSE) next week, HOSE announced.

The number of Techcombank (TCB)’s shares will triple from 1.16 billion to 3.49 billion. The 2.33 billion additional shares were issued to existing shareholders in its capital hike early this month.

The new shares will start trading on July 25.

With the new listing, Techcombank will surpass Bank for Investment and Development of Vietnam to take the third position in the top three largest banks in terms of charter capital with nearly VND35 trillion (US$1.52 billion).

Meanwhile, about 925 million newly-issued shares of VPBank (VPB) will trade on HOSE on July 27, lifting its total listing from 1.49 billion to 2.43 billion shares.

The new shares were from the June issue to pay dividend and increase charter capital.

VPBank’s charter capital was raised to VND24.23 trillion.

Both shares are trading around VND27,000-VND30,000 ($1.17-1.30) per share.

bizhub

>   Stock bourses’ merger plan submitted to Government: Finance ministry (20/07/2018)

>   VN shares fall on global dive (20/07/2018)

>   HOSE: Released from the list of stocks ineligible for margin trading (GEX, VPG) (20/07/2018)

>   Shares volatile on large-cap stocks (20/07/2018)

>   TDT: Stock ineligible for margin trading (19/07/2018)

>   Shares mixed following strong gains (19/07/2018)

>   Shares rise on H1 earnings reports (19/07/2018)

>   Shares advance with H1 reports exceeding expectations (18/07/2018)

>   Initial margin ratio raised to reduce derivatives risks (18/07/2018)

>   Shares rise for four consecutive sessions (18/07/2018)