Hanoi Stock Exchange (HNX) has just announced that on June 18, HNX along with Vietnam Debt Trading Company Limited (DATC) will auction the divestment of shares owned at Vietnam Maritime Joint Stock Commercial Bank (MSB).
The number of shares divested is 4,033,512 (40.3 billion dong at par value), equivalent to 0.34 percent of charter capital at MSB with a starting price of 11,800 dong per share.
MSB was established in 1991 in Hai Phong with an initial charter capital of 40 billion dong, in 2010 increased to VND 5,000 billion and in 2015 increased to VND 11,750 billion after merging with Mekong Development Bank (MDB).
At the end of quarter 1/2019, MSB recorded a pre-tax profit of VND 73 billion, total assets of VND 134,944 billion; Outstanding loans for customers were VND 47,682 billion; Customer deposits increased by 3.1 percent to VND 65,484 billion.
Plan 2019 MSB will increase total assets to more than VND 153,000 billion and pre-tax profit of VND 1,860 billion. The bank will also list shares on HoSE around the end of the third quarter.
On the market today, MSB’s stock price is traded around 11,000 11,500 VND/ share.
