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Hanoi (VNS/VNA) – Plenty of Vietnamese banks plan to promote
extra shares to overseas traders in 2022 as a part of set methods.
Leaders of the Orient Business Financial institution (OCB) mentioned the financial institution was negotiating
with overseas companions to promote 10 p.c of its constitution capital, baodautu.vn reported. If the deal is
profitable, the financial institution will raise its the overseas possession restrict (FOL) to a
most of 30 p.c as regulated by the present regulation.
OCB’s share worth has had a optimistic development for almost a yr since its itemizing
on the HOSE on January 28, 2021.
Based on the Viet Dragon Securities Company, OCB’s
personal placement plan of 70 million shares, which is anticipated to be accomplished
in early 2022, will probably be a catalyst for the financial institution’s inventory worth to extend within the
brief time period.
Final yr, Japan’s Aozora Financial institution acquired a 15 p.c stake in
OCB in a deal price 139 million. This was the primary M&A deal
for Aozora in a overseas market since 2001 and made Aozora OCB’s largest
shareholder.
The market can also be awaiting for the stake sale deal of VPBank to overseas
shareholders this yr after VPBank introduced it wished to regulate the FOL from
15 p.c to 17.5 p.c and getting ready to situation shares to overseas strategic
shareholders.
At VPBank’s 2022 annual normal assembly, the financial institution’s leaders mentioned VPBank
might promote each current treasury shares and newly-issued shares to
overseas companions.
VPBank’s leaders are anticipated to finish the share sale plan within the first
quarter of 2022. If the issuance is profitable, the financial institution’s fairness might attain a
report of round 120 trillion VND.
In April, VPBank signed an settlement to promote a 49 p.c stake in FE
Credit score to Japan’s Sumitomo Mitsui Finance Group (SMFG) in a transaction that
values the non-bank lender at 2.8 billion USD.
By this transaction, FE Credit score is anticipated to obtain assist in capital
sources, administration capability and expertise within the shopper finance sector in
Asia from SMBC Group, particularly SMBCCF – a number one shopper finance firm in
the Japanese market.
The transaction will add a considerable amount of capital to VPBank, contributing to
enhancing the financial institution’s monetary potential to seize new funding
alternatives available in the market.
Sacombank additionally mentioned it should promote 32.5 p.c shares to overseas traders after
finishing its restructuring in 2022.
Nonetheless, Sacombank Chairman Dương Công Minh mentioned the sale of shares
to overseas companions have to be accepted by the Authorities and the Việt Nam Asset
Administration Firm (VAMC) because the VAMC is protecting the shares./.
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