According to the latest announcement by Asia Joint Stock Commercial Bank (coded ACB), the entire 98.5 percent of additionally listed shares will officially flow to investors’ accounts on June 4.
These are shares that ACB paid to shareholders in 2016.
The volume of circulating shares will increase to 1,125,914,025 units, equal to 11.259 trillion dong by par value. By market price of 38,400 dong per share (the closing price on May 30), the capitalisation value of the bank will improve to 43.235 trillion dong.
On the same day, the stock market also welcomed 1.17 billion shares of the Technical and Commercial Joint Stock Commercial Bank (Techcombank). This bank will list on Hochiminh City Stock Exchange (STC) at 128,000 dong, becoming the share having the highest price in the bank group. Currently, VCB has consecutively been leading in price in this group and is being traded at 52,000 dong per share.
After the listing of TCB, this share will soon become one of the shares with the highest capitalisation value on STC. The capitalisation of the bank group is expected to increase by $6.5 billion. This industry group has currently accounted for more than 20 percent of the entire exchange capitalisation value and significantly affected the increase or decrease of the index.
Earlier, TCB-coded shares were traded quite vibrantly on OTC. Share prices have had significant growth, roughly six times higher just within nine months. Several months ago, the bank completed the share offering to foreign investors with the price equal to share offering price.
