MSB to debut on December 23

Saturday, Dec 19, 2020 07:51

Viet Nam Maritime Commercial Joint Stock Bank (MSB) will debut at the initial price of VND15,000 a piece, according to the Ho Chi Minh Stock Exchange. — Photo

Viet Nam Maritime Commercial Joint Stock Bank (MSB) will start listing on December 23, the Ho Chi Minh Stock Exchange (HoSE) has announced.

The bank will debut more than 1.17 billion shares at an initial price of VND15,000 (US$0.65) apiece. The share price will move within a trading band of 20 per cent.

The stock code is MSB.

After the listing, MSB will sell its treasury shares to the current shareholders, worth VND825.2 billion ($35.7 million). The plan was approved by the State Securities Commission on November 30.

The number of treasury shares owned by MSB in post-issuance will be 18 million. These shares will be sold or issued as bonus shares for the employees.

In January-November, MSB posted a 13 per cent year-on-year increase in total assets, which reached VND166 trillion ($7.18 million).

Pre-tax profit in the 11-month period jumped 116 per cent year-on-year to VND2.3 trillion ($99.5 million) and beat the full-year profit target by two-thirds. — VNS


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