VPBank to issue 12 million shares

The State Securities Commission has given permission to VPBank to issue nearly 12 million shares to its strategic partner Overseas-Chinese Banking Corporation (OCBC).

It was granted on the condition that VPBank issue shares in line with written documents from its annual shareholders’ meeting in 2007 and documents from the State Bank of Vietnam.

VPBank was also told to publicise its information on share volume, price and time. Within 10 days after the issuance, VPBank was told to report to the State Securities Commission about the results of the issuance.

VNA

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