Sacombank wins approval to sell 158.4 million shares
Saigon Thuong Tin Commercial Joint-Stock Bank, the fourth-biggest listed company on the Ho Chi Minh City Stock Exchange, won approval to sell about 158.4 million shares to raise its registered capital.
The company, known as Sacombank, will sell those shares to staff and existing shareholders within 90 days from Aug. 31, the Ho Chi Minh City-based company said in a statement on its website late Wednesday. Sacombank plans to raise its capital to VND6.7 trillion ($376 million) from VND5.1 trillion.
thanhnien, Bloomberg
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