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Vietnam Business » Vietnam Banking News » Military Bank allowed to raise chartered capital

Military Bank allowed to raise chartered capital

The Governor of State Bank approved raising chartered capital from 5.068 trillion dong to 5.334 trillion dong in accordance with the passed plan at shareholders meeting of SeABanks on April 28, form two trillion dong to five trillion dong of OJB and 5.3 trillion dong to 7.3 trillion dong of MB.

Southeast Asia Joint Stock Commercial Bank (SEABANK), Ocean Joint Stock Commercial Bank (OJB) and Military Commercial Joint Stock Bank (MB) have been allowed to raise 2010 chartered capital according Letter No 6381, 6382, 6384/NHNN-TTGSNH, NHNN.

The Governor of State Bank approved raising chartered capital from 5.068 trillion dong to 5.334 trillion dong in accordance with the passed plan at shareholders meeting of SeABanks on April 28, form two trillion dong to five trillion dong of OJB and 5.3 trillion dong to 7.3 trillion dong of MB.

In details, MBs shareholders passed the raise via two phases: first by offering 140 million shares for existing shareholders at ratio of 53:13 and five percent of the shares for strategic partners and the companys employees, the second by paying bonus shares at 67:6 under law regulations.

Vietnam Business And Financial News Network. Source [intellasia.net]

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