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Home Business & Finance Finance SCB to organise extraordinary shareholders' meeting for merger on December 15

SCB to organise extraordinary shareholders' meeting for merger on December 15

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Saigon Commercial Joint Stock Bank (SCB) has said that it would organise an extraordinary shareholders' meeting on December 15 to seek opinion for the merger with two other banks namely Vietnam Tin Nghia Commercial Joint Stock Bank (TinNghia Bank) and De Nhat (First) Commercial Joint Stock Co (Ficombank).

Accordingly, the extraordinary shareholders' meeting will be taken place on the fifth floor, Windsor An Dong Plaza (18 An Duong Vuong, ward 9, district 5, HCM City).

The shareholder book to join this meeting was closed on December 7, 2011.

On December 6, 2011, the State Bank of Vietnam (SBV) approved the voluntary merger plan for SCB, Tin Nghia Bank and Ficombank.

According to the cooperation agreement, the merged bank will have chartered capital of 10 trillion dong and total assets of 150 trillion dong.



Source: www.intellasia.net/news/articles/finance/111350320.shtml


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