Vietnam Securities Depository modified the overseas possession restrict (FOL) ratio of privately-held lender SHB from 10 per cent to a most of 30 per cent, efficient from March 4.
In August, SHB quickly locked its FOL at 10 per cent to execute the plan of promoting and issuing securities authorised by the annual common assembly of shareholders.
Within the present sale, the financial institution has efficiently supplied greater than 539 million shares to present shareholders, thus boosting its constitution capital to greater than $1.16 billion.
Final yr, SHB entered a strategic settlement to promote its client finance arm, SHB Finance, to Ayudhya Financial institution (Krungsri) of Thailand – a member of Mitsubishi UFJ Monetary Group from Japan.
SHB had transferred 50 per cent of SHB Finance’s constitution capital to Krungsri. The remaining 50 per cent possession could be transferred to the Thai financial institution after three years.
The scale of the deal is round $156 million.