Bao Viet Insurance to list shares in HCMC this month

Bao Viet Insurance & Finance Group, backed by HSBC Holdings Plc, will list shares on Vietnam’s biggest stock exchange June 25, according to a company posting on its website.

The country’s biggest insurer, 10 percent owned by HSBC, gained approval to list about 573 million shares on the Ho Chi Minh City exchange, Bao Viet said. The Hanoi-based company sold shares in an initial public offering in June 2007.

thanhnien, Bloomberg

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