Military Joint Stock Commercial Bank (MB) has just announced the result of its purchase of treasury shares from January 29 to February 27. Accordingly, it bought nearly 47.05 million shares on a total of over 108 million shares registered to buy, equipvalent to 43.6 percent of its plan. The shares were purchased at an average price of 21,999 dong by matching orders. Thus, MB spent asbout 1,035 billion dong to buy its treasury shares.
The purchase was funded by undistributed after-tax profits and other equity sources in accordance with the provisions of law.
After the purchase, the ratio of foreign ownership on total outstanding shares increased slightly to 20.44 percent. However, the ratio of foreign ownership on total charter capital remained unchanged at 20 percent.
At the close of the trading session on March 6, MB’s share price was 22,150 dong per share.
