Foreign fund Whistler Investments Limited has just re-reported about becoming the major shareholder holding more than five percent stake at Asia Pacific Joint Stock Commercial Bank (ACB).
Accordingly, the foreign bank Whistler Investments Limited and Sather Gate Investments Limited (wholly owned by the mother company Alp Asia Finance Vietnam Limited) are holding a total of 102.2 million ACB shares, equal to 9.95 percent stake at the bank. Of which, each of them owns more than 51.1 million ACB shares, equal to 4.97 percent stake. The date that this shareholder group become major shareholders was May 7, 2018.
The number of shares that these two funds hold is from the transfer of 164 million ACB shares of Standard Chartered APR Limited and Standard Chartered Bank (Hongkong) Limited since January 2018.
Along with the two funds of Alp Finance Limited, three more funds also receive the transfer from Standard Chartered including Estes Investments Limited (38.5 million ACB shares), Boradwark South Limited (154,100 ACB shares) and Estes Investments Limited (12.7 million ACB shares).
Earlier, in March, Dragon Capital Markets Limited divested the entire seven million ACB shares, equal to 0.71 percent stake. At the same time, Dragon Financial Holdings Limited purchased a similar number of shares, thereby raising the holding to nearly 70 million shares, equal to 7.1 percent stake.
Reportedly, foreign room at ACB has currently reached maximum 30 percent, and foreign investors can only raise ownership rate via intra-block transactions.
In Q1, ACB’s pre-tax profit reached 1.490 trillion dong, an increase of 2.5 times compared to the same period of 2017. At the end of March, the bank’s total assets touched 299.855 trillion dong, up 5.5 percent from the beginning of the year. The outstanding loans to customers hit 209.680 trillion dong, up 6.6 percent. The mobilisation of customers’ deposits improved percent, hitting 258.253 trillion dong.
