Hochiminh Stock Exchange (STC) has in principle approved application of Western Commercial Joint Stock Bank to list 100 million shares on the southern bourse.
Hochiminh Stock Exchange (STC) has in principle approved application of Western Commercial Joint Stock Bank to list 100 million shares on the southern bourse.
Accordingly, Western Bank will have 90 days to complete all the necessary procedures to be offered the official certificate for listing shares.
In 2009, the bank gained total revenue of 247.52 billion dong, an increase of 32 percent against 2008 and pre-tax profit of 163.13 billion dong, up 18 percent. Western Bank has ownership capital of 1.142 trillion dong.
In addition, the bank has recently paid 2009 dividend in shares for existing shareholders with the applied ratio of 8 percent.
Source:
http://www.intellasia.net/news/articles/stock_market/111287045.shtml
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