Saigonbank aims to raise $27.4 million in share sale

Saigon Bank for Industry and Trade Joint Stock Co. plans to raise VND480 billion (US$27.4 million) from a share sale in February to expand operations, the Ho Chi Minh City-based lender said in a statement last week.

Saigonbank plans to sell 48 million additional shares with an offer of VND10,000 from February 2 to February 25, the statement posted on its website said.

Bloomberg

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