Eximbank’s 876 mln shares to make debut Oct. 27

The Eximbank of Vietnam announced Oct. 21 that trading of its shares, listed on the Ho Chi Minh Stock Exchange, would start on Oct. 27 at a price of VND28,000.

The price is equal to US$1.65, based on the State Bank of Vietnam’s Friday rate of VND17,007 for one US dollar.

The Ho Chi Minh City-based bank said its listing on HOSE took effect on Oct. 20 for slightly more than 876.2 million shares, coded EIB. The face value, as ruled, is VND10,000.

Eximbank said the shares on the debut date would be allowed to change 20 percent up or down from the starting price.

The bank’s prospectus is available at it head office, 7 Le Thi Hong Gam Street, District 1, HCM City; and Viet Dragon Securities Corporation (VDSC) at 147-149 Vo Van Tan Street, Dist. 3, HCMC or 72 Ba Trieu, Hoan Kiem Dist,. Hanoi.

The Ho Chi Minh Stock Exchange currently has shares of three major banks of Vietnam namely Vietcombank, VietinBank and Sacombank.

Eximbank reported its gross profit in the first nine months of this year at VND1.16 trillion (more than US$68 million, with $1=VND17,007), up 5.5 percent.

By Tuong Thuy

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