HDBank officially listed on HSX

14:48 | 28/12/2017
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has been approved by the Ho Chi Minh City Stock Exchange (in short HSX) to be officially listed as of December 25, under the ticker HDB.

According to HSX, the first official transaction date for HDB is scheduled to January 5, 2018, with a reference price of VND33,000 ($1.5) per share, on a variation band of 20 per cent on each side of the reference price.

At the par value of VND10,000 ($0.44), HDBank is listing over 980 million shares on the exchange, for a total value of VND9.809 trillion (over $431 million), equivalent to the value of the lender’s charter capital.

HDBank's charter capital has now reached over $431 million

At a ceremony granting holding certificates to investors last week, HDBank announced that 76 foreign investors placed orders to buy the bank’s stakes, registering to by three times the amount of shares on offer. Deutsche Bank AG, Credit Saison, VinaCapital, and JP Morgan Vietnam Opportunities Fund are only a few of the group that has spent some $300 million on 21.5 per cent of HDBank’s holdings, each owning no more than 3 per cent.

The stakes were sold at the unit price of VND32,000 ($1.45), based on the book-building method. 

HDBank raises charter capital to enter top ten banks in Vietnam HDBank raises charter capital to enter top ten banks in Vietnam

Recently, State Bank of Vietnam (SBV) has approved of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) raising its charter capital for the second time by around $43 million, from VND8.8 trillion ($388.7 million) to VND9.8 trillion ($431.9 million), joining the top 10 Vietnam-based banks having the largest charter capital.

HDBank offers 20 per cent to foreign investors this month HDBank offers 20 per cent to foreign investors this month

Housing Development Bank (HDBank) will offer 20 per cent of its shares to foreign investors at its initial public offering (IPO).

HDBank invites foreign shareholders before listing HDBank invites foreign shareholders before listing

Vietnam’s Housing Development Bank will offer 20 per cent of its shares to overseas investors, before getting listed in early 2018. 

By By Minh Trang

Based on MasterCMS Ultimate Edition Ver 2.9 2020