VNStockNews.com - Deputy prime minister Nguyen Sinh Hung has approved Vietnam Steel Corp plan to buy Vietnam Industrial and Commercial Joint Stock Bank (Vietinbank).
Although the trading value has been not revealed, this still is the positive information for Vietinbank's forthcoming listing scheduled on July 16.
Earlier, Viet Nam Post and Telecommunication group (VNPT) failed to get the approval to become a strategic shareholder of Vietinbank.
Vietinbank announced its selection of foreign strategic investors could be conducted in the end of Q4 or 2010 early.
The bank has a chartered capital of about 11.253 trillion dong equalling to 1,125,297,280 shares including 1,004,085,500 shares (89.23%) are held by the state and the remaining 121,211,780 shares or 10.77 percent belongs to other shareholders.
On July 16, 121.1 million CTG coded shares of Vietinbank will go on the stock market with the comparative price of 50,000 dong per share.
Jul 13, 2009
Vietnam Steel Corp licensed to buy into Vietinbank
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