Leading shareholders to divest from STB

Four leading shareholders of Sacombank (STB) have registered to sell a combined 80 million shares, or 8.3 per cent of the bank's charter capital, worth a total market value of VND2 trillion (US$95.2 million).

Thanh Thanh Cong Trading Production Co will sell over 22 million shares, while Sacombank's real estate unit, Sacomreal (SCR), will sell its entire holdings of 17.3 million STB shares. Sugar maker Societe De Bourbon Tay Ninh has registered to sell 7.5 million shares. And Chang Hen Jui, husband of STB vice chairwoman Huynh Que Ha, plans to unload over 33 million shares which he acquired from Dragon Capital last year.

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