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Home Finance Finance VASS plans to list shares after increasing chartered capital

VASS plans to list shares after increasing chartered capital

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Far East Insurance Joint Stock Co (Vien Dong Insurance  VASS) plans to increase the chartered capital from 300 billion dong to 600 billion dong in the end of Q2. The company also announced to start listing shares on the domestic stock market. Far East Insurance Joint Stock Co (Vien Dong Insurance – VASS) plans to increase the chartered capital from 300 billion dong to 600 billion dong in the end of Q2. The company also announced to start listing shares on the domestic stock market.

In 2009, VASS reported gaining 300 billion dong of revenue. The company introduced many new insurance products such as private house insurance, insurance for A/H1N1 flu and children health care insurance.

The large shareholders include Hanoi Building Commercial Joint Stock Bank (Habubank), Military Commercial Joint Stock Bank (MB), Orient Commercial Joint Stock Bank (OCB) and HCM City Securities Co (HSC).

Source: http://www.intellasia.net/news/articles/finance/111287057.shtml
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