STB: The foreign room to be locked at 10 percent

Pursuant to Official Document No.1915/UBCK-PLTT by the State Securities Commission, the Commission approved to close the foreign room of stock STB at 10% of charter capital of Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank). The closing time will be confirmed until April 2014, according to Official Document No.403/UBCK-PLTT dated January 28, 2013. If Sacombank finishes the transfer of shares to its foreign partner before April 2014, it will have to ask the State Securities Commission to open the room ahead of schedule.

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