VNStockNews.com - The State Securities Commission of Vietnam said Friday it has given its approval to Dai Tin Commercial Joint Stock Bank, or TrustBank, to raise VND1 trillion ($51.5 million) from selling new shares.
The stock market regulator said in a statement TrustBank will sell 95 million shares to its existing shareholders and 5 million shares to its staff.
The share sale is to take place within the next three months, the SSC said.
Unlisted TrustBank, based in the Mekong Delta province of Long An, has a registered capital of VND2 trillion.
