The Vietnam Maritime Commercial Joint Stock Bank (MSB) transferred more than 81.3 million shares of the Military Commercial Joint Stock Bank (MBB) to Ha Nam Development JSC.

The number of shares is equivalent to 4.75 per cent of MBB’s capital. The bank’s chartered capital in the first quater of this year is estimated at VND17.127 trillion (US$751.2 million), according to data from news site CafeF.

With the completion of the transfer, the MSB will hold only about 0.1 per cent of MBB’s capital.

By the end of last year, MBB had six major shareholders, namely, Viettel Group with ownership of 14.75 per cent, the State Capital Investment Corporation (9.38 per cent), Vietnam Helicopter Corporation (7.84 per cent), Saigon Newport Corporation (7.52 per cent), Joint Stock Commercial Bank for Foreign Trade of Viet Nam (7.04 per cent) and foreign shareholders (41 per cent). — VNS