The Hanoitimes - TPBank will fix the list of securities holders as a basis to list shares on the Ho Chi Minh Stock Exchange, the bank announced on its website on March 15.
The share listing is expected to be held in April, the bank said.
The deadline for securities holders registration is March 21. Afterwards, Vietnam Securities Depository (VSD) will no longer accept dossiers for transfer of securities ownership at TPBank.
TPBank to list shares in April.
Following the equitization plan, TPBank will issue 87.63 million shares, equivalent to 15% of its current charter capital. Specifically, TPBank expects to sell the maximum of 55.29 million shares (8.23% charter capital) to foreign investors, and 32.34 million shares to domestic investors.
In 2017, TPBank’s profit reached VND1.2 trillion (US$52.6 million), equivalent to 155.6% of the year target and up 70.5% year-on-year, bringing the bank officially into the list of profitable banks in 2017.
At present, TPBank’s total assets has exceeded VND124 trillion (US$5.4 billion), mobilizing capital of VND115 trillion (US$5 billion) and keeping bad debts under control at 0.87%.
The International Finance Corporation (IFC), a member of the World Bank, has officially become TPBank’s shareholder in 2016 after acquiring 4.99% of the banks’ shares.
Last December, Finish independent fund management company PYN Fund Management also completed its acquisition of a 4.99% TPBank’s stake for US$40 million, marking the largest investment it has made in Vietnam.
The deal also marked the Asia-focused PYN Elite Fund‘s first investment in a Vietnamese bank. With a total portfolio value of EUR417 million, PYN Elite Fund is now the third largest foreign investment fund in Vietnam, according to TPBank.
In addition to TPBank, 8 other banks are expected to list their shares in 2018, namely Techcombank, MaritimeBank, SeABank, OCB, ABBank, SaigonBank, Nam A Bank and Viet A Bank.