Sacombank may delist from HOSE. (Photo: Internet)

HCM City (VNA) – The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) on October 10 announced it is considering delisting from the HCM Stock Exchange (HOSE) and changing its trading code.

The commercial bank plans to collect feedback from its shareholders from October 23 to November 22 on the changes. It will consider changing the trading code from STB to SCM and listing on the Hanoi Stock Exchange (HNX).

Sacombank has developed the plan over the past three months after getting approval from its new board of directors.

The bank earned a pre-tax profit of 576 billion VND (25.34 million USD) and an after-tax profit of 463 billion VND (20.37 million USD) in the first half of 2017.-VNA