VNStockNews.com - Viet Nam Export Import Commercial Joint Stock Bank, or Eximbank, said Monday it will issue 158 million additional shares later this year to raise its registered capital by 22% to VND8.8 trillion ($503 million).
The bank said it will issue the new shares to its existing shareholders.
The bank last month received approval from the central bank for the capital raise.
State media said last week Eximbank had a pretax profit of VND800 billion in the first half of this year.
The bank had total assets of VND55 trillion at the end of June, said online news provider CafeF, without giving comparative figures.
The bank targets a total pretax profit of VND1.5 trillion this year, the report said. (Dow Jones)
Jul 13, 2009
Eximbank To Issue 158 Million New Shares To Raise Capital 22%
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