SeABank to list 1.2 bln shares in Vietnam’s main stock exchange

Khanh Minh Friday | 11/27/2020 16:26

Photo: CafeF.vn

The Southeast Asia Commercial Joint Stock Bank, known as SeABank, has filed documents to list 1.2 billion shares on Vietnam’s main bourse, according to Ho Chi Minh City exchange filing.

The bank closed the list of shareholders on November 9^th for the exchange registration and share depository at the Vietnam Securities Depository.

The Vietnamese lender got shareholders’ approval on the plan during the 2020 Annual General Meeting of Shareholders.

This is the third consecutive year the bank has planned to list shares on the exchange after failing to proceed the plan in previous two years.

SeABank reported 9-month pre-tax at VND1,132 billion ($48.8 million), up more than 65 percent compared to the same period last year.

As of end-September, the bank's total assets reached VND167,426 billion ($7.2 billion), an increase of 6.4 percent compared to the beginning of the year. Credit dropped by 0.8 percent to VND97,871 billion ($4.2 billion). Customer deposit increased by 7.1 percent to VND102,547 billion ($4.4 billion).

Before Besides SeABank, other lenders including LienVietPostBank, VIB, ACB, SHB, OCB and MSB also submitted listing documents to the exchange, Vietnambiz reported.

Recently, the exchange has approved to list 2.16 billion ACB shares. ACB shares will be delisted on Hanoi Stock Exchange on early December for HoSE lising.