The Bank for Investment and Development of Vietnam (BIDV) announced that it is planning to make its initial public offering (IPO) on Dec. 28.
Under its equitisation plan approved by the Prime Minister on Nov. 30, BIDV will sell shares to its workers and trade union before Dec. 31.
It will hold the first shareholders’ meeting in the first quarter of 2012 and list its shares on the HCM Stock Exchange by the end of the third quarter of 2012.
The bank will also sell stakes to foreign strategic investors in 2012.
Under its equitisation plan approved by the Prime Minister on Nov. 30, BIDV will sell shares to its workers and trade union before Dec. 31.
It will hold the first shareholders’ meeting in the first quarter of 2012 and list its shares on the HCM Stock Exchange by the end of the third quarter of 2012.
The bank will also sell stakes to foreign strategic investors in 2012.
By Nov. 30, BIDV has total assets of 403 trillion VND and a pre-tax profit of 4.1 trillion VND./.
