STB: STB extends the 15-percent limit of foreign room
Sai Gon Thuong Tin Commercial Joint Stock Bank (SACOMBANK) has informed of the limitation of foreign room as follows:
The State Securities Commission agreed to extend time to limit the foreign room to 15% of Sacombank’s charter capital until Sacombank organizes a general meeting of shareholders on April 2013. After having the decision of general meeting about the limitation of foreign room to 15%, Sacombank will have to report it to the State Securities Commission so that the State Securities Commission considers a one-year extension to the limitation of foreign room.
The State Securities Commission agreed to extend time to limit the foreign room to 15% of Sacombank’s charter capital until Sacombank organizes a general meeting of shareholders on April 2013.
After having the decision of general meeting about the limitation of foreign room to 15%, Sacombank will have to report it to the State Securities Commission so that the State Securities Commission considers a one-year extension to the limitation of foreign room.
HOSE
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