ACB allowed to increase charter capital

The Governor of the State Bank of Vietnam (SBV) issued Decision No. 8760/NHNN-TTGSNH on November 11 to permit the Asia Joint-Stock Commercial Bank (ACB) to increase its charter capital for 2010.

Accordingly, ACB is allowed to increase its charter capital to VND 9,376,965,060,000 from VND 7,814,137,550,000.

ACB is required to comply with applicable laws and other relevant legal texts.

The Decision takes effect within 12 months from the date of signing. It will cease to be effective in case that the recapitalization plan of the ACB is not carried out as scheduled, and that the General Shareholders’ Meeting adopts a change of the recapitalization plan which has already been approved by the SBV.

sbv

>   VMD: Resolution of the BOD (12/11/2010)

>   VNS: Announcement of a record date (12/11/2010)

>   CSC: Change in Charter (10/11/2010)

>   VICS: Increase in charter capital and Board Changes (10/11/2010)

>   VNS: The record date for the 2010 extraordinary shareholders’ meeting (09/11/2010)

>   VICS: Charter change (05/11/2010)

>   PSI: Adjusting the company’s regulation (01/11/2010)

>   Shinhan Vietnam Bank allowed to increase charter capital (28/10/2010)

>   VTSS: Increasing charter capital and supplementing business activity (27/10/2010)

>   SCB allowed to increase charter capital (25/10/2010)