VietABank to list 445 million shares on UPCoM

July 14, 2021 | 15:46
Vietnam Asia Commercial Joint Stock Bank (VietABank) will list 445 million shares (OTC: VAB) on the Unlisted Public Company Market (UPCoM) with the reference price of VND13,500 (58 US cent).
VietABank to list 445 million shares on UPCoM
VietABank shares will start trading on HNX from July 20

According to information from the Hanoi Stock Exchange, shares of VietABank will officially be transacted on July 20, 2021.

As of June 25, VietABank had 1,913 shareholders, all of whom are domestic shareholders. Two large shareholders of the bank are Rang Dong JSC and Viet Phuong Investment Group with the ownership of 7.35 and 12.21 per cent. The ratio available (30 per cent) for foreign shareholders will be unchanged.

In the first quarter of this year, the bank reported a pre-tax profit of VND125 billion ($5.43 million), up 53 per cent on-year. As of March 31, VietABank has a total asset value of VND77.02 trillion ($3.35 billion).

This year, the bank set the target to earn VND658 billion ($28.6 million) in pre-tax profit, up 61.7 per cent on-year. It expects to earn VND7.2 trillion ($313 million) in revenue and VND526 billion ($22.87 million) in after-tax profit, signifying increases of 23 and 58 per cent on-year. Besides, it also expects to increase the total asset to VND97.07 trillion ($4.22 billion) by the end of the year.

In the first half of this year, series of banks list their shares on stock exchanges, including OCB, SeABank, and Bac A Bank. These banks mobilised a huge volume of capital and their share value increased between 36 and 150 per cent compared to the reference prices.

By Ha Vy

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