SHB plans to set up jeweller

VNStockNews.com - The shareholders’ meeting of Saigon-Hanoi Commercial Joint Stock Bank (SHB) passed the plan of setting up a jewellery trading one member ltd company.

The bank also will issue convertible bonds to raise the chartered capital from two trillion dong to 3.5 trillion dong.

This year SHB targets to gain total asset of 20.503 trillion dong, a year-on-year rise of 42.5%, total deposit of over 16.249 trillion dong, pre-tax profit of 336 billion dong, and a dividend of 10.5%.