TPB allowed to sell shares to SBI Ven Holding Pte.Ltd.

The State Bank of Vietnam (SBV) issued Document No.6241/NHNN-TTGSNH on August 12 to permit the Tien Phong Joint-Stock Commercial Bank (TPB) to sell its shares to the SBI Ven Holding Pte.Ltd, Singapore, with an amount of 4.9% out of its charter capital.

Under this Document, the SBI Ven Holding Pte.Ltd should comply with Vietnamese laws, relevant regulations of the SBV and TPB’s Charter when becoming a shareholder of the TPB.

The Director of the SBV Branch in Hanoi is responsible for supervising and instructing the TPB to raise its charter capital from the proceeds of its share sale in line with applicable laws.

sbv

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