Main stock exchange to list two new bank stocks

VnExpress | Dat Nguyen Monday | 10/19/2020 10:22

The logo of the Vietnam International Commercial Joint Stock Bank is seen on a building. Photo courtesy of VIB.

VIB has received approval for listing on the Ho Chi Minh Stock Exchange, the second lender to list this year after LienVietPost Bank.

Shares of the Vietnam International Commercial Joint Stock Bank now trade on the Unlisted Public Company Market (UPCoM), and the exact date of listing is not known.

VIB share prices have risen 96 percent this year to VND33,200 ($1.43), giving it a market cap of VND30.7 trillion.

The bourse has approved the listing of nearly 924.5 million shares and the bank plans to issue an additional 184.89 million shares.

Its revenues in the first nine months of this year rose 34 percent year-on-year to VND7.8 trillion.

Another lender, Asia Commercial Bank, has sought to transfer its stock from the Hanoi Stock Exchange to HoSE.

Source: VnExpress

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