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SeABank, OJB and MB allowed to increase charter capital
The State Bank of Vietnam (SBV) issued Documents No.6381, 6382 and 6384/NHNN-TTGSNH on August 23 to permit the Southeast Asia Joint-Stock Commercial Bank (SeABank), the Ocean Joint-Stock Commercial Bank (OJB), and the Military Joint-Stock Commercial Bank (MB) to increase their charter capital for 2010.
Accordingly, the SeABank is allowed to increase its charter capital to VND 5,334,656,000,000 from VND 5,068,545,450,000 under its recapitalization plan approved by the General Shareholders’ Meeting on April 28, 2010.
The OJB is permitted to increase its charter capital to VND 5,000 billion from VND 2,000 billion under its recapitalization plan approved by the General Shareholders’ Meeting on March 27, 2010, and the Extraordinary General Shareholders’ Meeting on June 13, 2010, and to be revised by the Board of Directors in line with Resolution No. 03/2010/NQ-HĐQT on July 23, 2010 and Resolution No.05/2010/NQ-HĐQT on August 9, 2010.
The MB is allowed to increase its charter capital to VND 7,300 billion from VND 5,300 billion under its recapitalization plan approved by the General Shareholders’ Meeting on April 21, 2010 and revised by the Board of Directors in line with Resolution No.210/NQ-MB-HĐQT on May 7, 2010 and Resolution No.336/NQ-MB-HĐQT on August 10, 2010.
The SeABank, OJB and MB are required to comply with applicable laws and other relevant legal texts.
These Documents are effective within 12 months from the date of signing.
Diem Hang
sbv
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