BIDV Insurance plans 41 miln share issue for foreign investors
The Bank for Investment and Development of Vietnam Insurance Co (BIC)
plans to issue a maximum of 41 million shares to foreign strategic
investors, according to a document sent to shareholders before the
annual shareholders' meeting on April 20.
The Bank for Investment and Development of Vietnam Insurance Co (BIC)
plans to issue a maximum of 41 million shares to foreign strategic
investors, according to a document sent to shareholders before the
annual shareholders' meeting on April 20.
The company will also open two seats on its managing board for these investors, BIC said.
The offer price for the share issue has yet to disclosed, but it said the capital raised would be used to supplement working capital, develop its network and IT infrastructure and expand financial investments.
BIC has been seeking foreign strategic investors since last year. It is negotiating with partners from the Republic of Korea, the European Union and North America.
On April 24, the company will pay 2014 cash dividends of 10 percent to shareholders.-VNA
The company will also open two seats on its managing board for these investors, BIC said.
The offer price for the share issue has yet to disclosed, but it said the capital raised would be used to supplement working capital, develop its network and IT infrastructure and expand financial investments.
BIC has been seeking foreign strategic investors since last year. It is negotiating with partners from the Republic of Korea, the European Union and North America.
On April 24, the company will pay 2014 cash dividends of 10 percent to shareholders.-VNA
You should also see
Dien Bien soldiers, youth volunteers meet in Hanoi
Nearly 300 soldiers and youth volunteers directly engaging in the Dien Bien Phu campaign 70 years ago looked back on the 56-day battle, the victory of which led to the signing of the Geneva Accords on ending the war and restoring peace in Indochina, at a meeting in Hanoi on April 23.
See more
Business
French auction house to open office in Vietnam
France’s Millon Auction House has decided to open its representative office in Vietnam, and is preparing necessary steps for the official opening of the office in the near future.
Business
3,400 taels of SJC-branded gold bars successfully auctioned
The State Bank of Vietnam auctioned 16,800 taels of SJC-branded gold bars in Hanoi on April 23. This is the first auction of this kind in 11 years.
Business
HCM City seeks to draw remittances in infrastructure
A seminar aimed at channeling overseas remittances into infrastructure took place in Ho Chi Minh City on April 23, given that remittances to the city reached 9.46 billion USD in 2023, nearly three times higher than foreign direct investment (FDI), according to official statistics.
Sci-Tech
FPT, NVIDIA ink MoU to build 200 million USD AI factory
Vietnam’s tech giant FPT plans to build a 200 million USD artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on April 23 in a comprehensive strategic partnership with NVIDIA.
Business
Lao Cai province calls for more Japanese investments
The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.
