Sacombank Securities, an affiliate of the HCM Stock Exchange-listed Sacombank, will make its initial public offering (IPO) next month, offering 38.3 million shares.
Of the figure, 20.7 million will be sourced from its existing shares, while the remaining 17.6 million will be new shares.
It is planned that almost 9.7 million equities will go to key persons in Sacombank and Sacombank Securities at the price of 15,000 VND (0.8 USD) compared to the 10,000 VND at par.
Auction of 17.6 million equities is expected in November or December at the initial price of 15,000 VND.
Early next year, strategic partners will be able acquire 11 million shares at 20,000 VND at minimum.
Surplus from sales of the 20.7 million shares will come to Sacombank while that of the new shares will be retained by Sacombank Securities.
After the sales, the company’s charter capital is expected to rise to 1.276 trillion VND, with the bank still holding a 70 percent stake. Currently the securities company has a charter capital of 1.1 trillion VND, the third largest of its kind in Vietnam .
The company had a net profit of over 113 billion VND for the first half of the year./.
Of the figure, 20.7 million will be sourced from its existing shares, while the remaining 17.6 million will be new shares.
It is planned that almost 9.7 million equities will go to key persons in Sacombank and Sacombank Securities at the price of 15,000 VND (0.8 USD) compared to the 10,000 VND at par.
Auction of 17.6 million equities is expected in November or December at the initial price of 15,000 VND.
Early next year, strategic partners will be able acquire 11 million shares at 20,000 VND at minimum.
Surplus from sales of the 20.7 million shares will come to Sacombank while that of the new shares will be retained by Sacombank Securities.
After the sales, the company’s charter capital is expected to rise to 1.276 trillion VND, with the bank still holding a 70 percent stake. Currently the securities company has a charter capital of 1.1 trillion VND, the third largest of its kind in Vietnam .
The company had a net profit of over 113 billion VND for the first half of the year./.
