TIẾNG VIỆT Techcombank slightly raises foreign ownership limit to over 22.5%
Photo: CafeF
The decision was made to create favorable conditions to foreign employees to purchase 439,000 TCB shares.
At the recent annual shareholders’ meeting, Techcombank’s board got approval to raise charter capital to VND35.049 trillion ($1.52 billion) from over VND35.001 trillion ($1.5 billion) by issuing more than 4.7 million shares to employees.
The plan is scheduled to be carried out in the third or fourth quarter of this year.
Techcombank reported VND6.7 trillion ($290.5 million) in pre-tax profit in the first half of 2020, up 19 percent year-on-year and equivalent to 51.5 percent of the whole-year goal.
The bank’s total asset stood at VND395.9 trillion ($17 billion) as of June 30, up 9.8 percent from a year earlier and 3.2 percent from the end of 2019.
On September 8 trading session, TCB share was traded at VND21,500 ($0.93) per share.
► Techcombank sees 2020 pre-tax profit to slightly increase to over $559mln
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