Vietnam’s OCB to sell 11% shares to Japan’s Aozora Bank

The Vietnamese lender said it has completed issuing nearly 130 million shares to pay dividends and raise chartered capital to about $339.4 million.

Since early 2019, OCB has launched offering to sell 118.4 million shares to investors via private placement. Aozora became the first investor registering to buy more than 86.86 million shares.

Total value of shares offered to Aozora Bank was estimated at over $37.3 billion. Offering price that is decided by the lender’s Board of Directors has not been disclosed.

The shares issued to Aoroza Bank will be restricted to transfer in 3 years.

The 31.61 million remaining shares after the issuance to Aozora Bank will be offered to other investors.

Aozora Bank was established in 1957, headquartered in Tokyo Japan. The bank, currently listed on the Tokyo Stock Exchange, has total assets up to $48 billion.

As of September 30th 2019, the bank reported total assets of $4.6 billion, an increase of 6.4% compared to the beginning of the year.

In the third quarter of last year, the bank's pretax profit increased by 51.6% over the same period to $35.4 million while January – September profit reached $83.4 million, up 15.3%.