Home Companies Capital Increase - M&A

SHB to increase its charter capital

Aug 15th at 13:51
15-08-2022 13:51:21+07:00

SHB to increase its charter capital

Saigon-Hanoi Commercial Joint Stock Bank (SHB) has received approval from the State Bank of Vietnam to increase its charter capital to $1.16 billion.

 

This confirms that SHB has completely fulfilled its commitment to shareholders and investors on improving financial capacity in accordance with the plan to increase charter capital in 2021 – as approved by the annual general shareholders' meeting (AGM) – and lays the groundwork for the implementation of the next capital increase plan.

In addition, SHB also aims to further enhance its charter capital to $1.59 billion by the end of 2022 under a decision made at its AGM. The hike will likely place it among the three largest private joint stock banks by charter capital.

The bank’s reputation among domestic and foreign investors and international credit rating agencies has been solidified and improved in large due to the firm's consistent efforts to strengthen its operations over the last several years.

SHB continues to grow its operating size and business development, accelerate financial digitalisation, and work toward its goal of becoming the most technologically advanced and resource-efficient bank. This is made possible thanks to the bank’s robust financial capacity.

vir

RELATED STOCK CODE (2)

NEWS SAME CATEGORY

TPBank (TPB) allowed to raise capital by nearly US$178 million
CAPITAL INCREASE - M&A Dec 8th at 08:26

TPBank (TPB) allowed to raise capital by nearly US$178 million

The State Bank of Viet Nam (SBV) has approved TPBank to increase its maximum charter capital by VND4.1 trillion (US$177.8 million) through the issuance of common...

Time for securities firms (SSI) to raise charter capital
CAPITAL INCREASE - M&A Nov 29th at 08:07

Time for securities firms (SSI) to raise charter capital

Many securities companies are planning to raise capital through forms such as dividend payment, purchase rights and private offerings to meet the growth of the...

Vietcombank’s (VCB) charter capital raise plan approved
CAPITAL INCREASE - M&A Oct 27th at 08:13

Vietcombank’s (VCB) charter capital raise plan approved

Vietcombank will issue millions of shares to pay for last year’s dividends and raise its charter capital to over VND50.4 trillion (US$2.22 billion) under a plan...

SHB approved to increase charter capital to US$1.16 billion
CAPITAL INCREASE - M&A Sep 25th at 13:52

SHB approved to increase charter capital to US$1.16 billion

SHB was given approval from the State Bank of Viet Nam to increase its charter capital from the current VND19.2 trillion (US$843.2 million) to VND26.6 trillion...

MSB allowed to add $155 million to its capital
CAPITAL INCREASE - M&A Sep 8th at 08:19

MSB allowed to add $155 million to its capital

The State Bank of Viet Nam (SBV) has just allowed Maritime Bank (MSB) to raise its charter capital by more than VND3.5 trillion (US$155 million) from the current...

Hydropower firm (VSH) to raise capital
CAPITAL INCREASE - M&A Dec 26th at 18:45

Hydropower firm (VSH) to raise capital

Vinh Son-Song Hinh Hydropower Plant JSC (HoSE: VSH) on January 8 will wrap up the list of shareholders to sell 30 million shares for VND10,000 (US$0.43) apiece.

$210 million mobilised via October 28 G-bond auction
CAPITAL INCREASE - M&A Oct 30th at 10:03

$210 million mobilised via October 28 G-bond auction

A total of VND4.87 trillion (US$210 million) was mobilised for the State Treasury through a Government bond auction at the Ha Noi Stock Exchange (HNX) on Wednesday.

SSI increases charter capital to $259.3 million with bonus share issue
CAPITAL INCREASE - M&A May 13th at 08:07

SSI increases charter capital to $259.3 million with bonus share issue

SSI Securities Corporation has increased its charter capital to over VND6.029 trillion (US$259.3 million), 1,001 times the capital it had at the time of...

BIDV (BIC) charter capital Vietnam’s highest following stake sale
CAPITAL INCREASE - M&A Nov 4th at 09:44

BIDV (BIC) charter capital Vietnam’s highest following stake sale

State-owned BIDV has become the largest bank by charter capital in Vietnam after selling a 15 percent stake to  South Korea's KEB Hana Bank.

Saigon Water (SII) to sell 37 million shares to raise charter capital
CAPITAL INCREASE - M&A Jun 8th at 21:32

Saigon Water (SII) to sell 37 million shares to raise charter capital

Saigon Water Infrastructure Corporation (SII) has approved a plan to issue 37.42 million shares to existing shareholders to increase its charter capital.

Read More

NEW STOCKS

MOST READ

Back To Top