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Vietnam's LienVietPostBank plans selling 25 percent to foreigner investors: media

Oct 5th at 13:22
05-10-2017 13:22:09+07:00

Vietnam's LienVietPostBank plans selling 25 percent to foreigner investors: media

Vietnam’s Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) is in talks to sell a 25 percent stake to foreign investors, local news outlet Vietnamnet said on Wednesday, citing a bank official.

LienVietPostBank will list its shares on Hanoi Stock Exchange’s Unlisted Public Company Market on Thursday at 14,800 dong ($0.65) per share, putting the bank’s value at around $421 million, the bank’s filing showed.

Chief Executive Pham Doan Son told investors the bank plans to sell 25 percent of its shares, worth around $105 million at market value, to foreign investors, Vietnamnet reported.

“We are negotiating,” Son told Reuters. He did not clarify.

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