SeABank to offer over 181.3 million shares to shareholders
Southeast Asia Commercial Joint Stock Bank (SeABank) has received approval for its public offering of over 181.3 million shares to existing shareholders at a price of 15,000 VND (0.66 USD) per share.
SeABank offers more than 181.3 million shares to its existing shareholders to raise its charter capital to 731 million USD. (Photo: tinnhanhchungkhoan.vn)
Hanoi (VNS/VNA) - Southeast Asia Commercial Joint Stock Bank(SeABank) has received approval for its public offering of over 181.3 millionshares to existing shareholders at a price of 15,000 VND (0.66 USD) per share.
Thebank is expected to collect 2.72 trillion VND (119.8 million USD) from theissue with a ratio of 12.2633:100 to improve its financial capacity, stepup business activities, maintain stable operation and raise chartercapital to 16.6 trillion VND (731 million USD).
Shareholderswho want to exercise their rights to buy shares must register for the offeringno later than January 18, 2022.
Previouslyin 2021, SeABank managed to increase its charter capital to 14.78 trillionVND (651 million USD) through public offering, ESOP scheme and stock dividend.
Thebank officially listed over 1.2 billion shares on the Ho Chi Minh StockExchange in March 2021 (HOSE: SSB). After the listing, the SSB price increasedsteadily for many consecutive sessions.
Notably,SSB’s closing price hit 45,000 VND (1.98 USD) per share on January 5, 2022,pushing SeABank’s market cap to over 2.9 billion USD and putting it on the listof the 10 banks with the largest cap on Vietnam’s stock market.
SeABankwas recognised among 17 influential credit institutions in Vietnam’s bankingsystem in 2021. It was assigned a long-term rating of B1, with a positiveoutlook by Moody’s for three consecutive years./.
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SeABank offers more than 181.3 million shares to its existing shareholders to raise its charter capital to 731 million USD. (Photo: tinnhanhchungkhoan.vn) 
