Wednesday, July 18, 2018 11:56:10 AM - Markets open
VN-INDEX 933.54 +12.27/+1.33%
HNX-INDEX 105.89 +1.06/+1.01%
UPCOM-INDEX 49.93 +0.51/+1.02%
SHB sells brokerage arm SHBS
VietnamPlus - 12/25/2017 1:44:14 PM
 (0 ratings. You must sign in to rate.)
The shares were sold equally to three individuals for VND7,850 (35 US cents) per share, lower than the par value of VND10,000 per share. SHB estimated it would receive nearly VND116 billion ($5.15 million) from the deal.
 
SHBS was formerly known as Hanoi Building Joint Stock Commercial Bank (Habubank) Securities JSC (HabubankSc), which was owned by Habubank before 2012.
 
The company was renamed SHBS after Habubank was acquired by SHB in 2012.
 
In August 2016, SHB also offloaded its entire ownership in Sai Gon-Ha Noi Securities JSC for VND6,600 per share.
 
Though SHB is no longer a shareholder of SHS, the bank remains the main source of financial capital for the securities company.
 
The total value of short-term loans that SHB lent to SHS increased to VND700 billion at the end of September from VND386 billion in late second quarter.
 
At the company’s annual shareholder meeting in April 2017, shareholders of SHS approved the firm’s proposal to acquire SHBS. However, it has remained unclear if the two brokerage firms would finalise their merger.
 
Source VNA
 
Read original article here
Newer News
17/07 ACV plans to expand Tuy Hoa airport in Phu Yen province
17/07 NLG: Nam Long corporates with Japanese Nishi Nippon Railroad in $306.5 million project
11/07 FLC: Vietnamese Government approves establishment of Bamboo Airways
11/07 TPB: IFC arranges $100m loan for TPBank to promote digital financial services to MSMEs
10/07 BSR changes to joint stock model
06/07 VNM: Vinamilk’s products present in 43 countries
03/07 Masan Consumer inks strategic partnership with South Korean meat producer
02/07 HPG: Hoa Phat Dung Quat Steel JSC improves administration capacity
28/06 VCB: Vietcombank to apply Basel II next month
28/06 NLG: Nam Long kicks off Waterpoint township in Long An province
Older News
25/12 Foreign investors offered 296.46 million remaining Becamex shares on January 3
23/12 VNPT’s third attempt to divest Maritime Bank coming up
23/12 FLC to invest $1.5 billion in hi-tech farm
23/12 PV Power to launch IPO in January 2018
22/12 PENM Partners backs Masan’s consumer growth strategy
21/12 Binh Son Refinery to hold IPO in early 2018
19/12 Mobile World officially acquires Phuc An Khang Pharmacy
19/12 BIDV shuts down representative office in Myanmar
19/12 Petrolimex to sell Euro5 diesel oil from 2018
19/12 Vietjet opens three air routes between Vietnam and Thailand
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 11:31:38 AM
VN-INDEX 933.54 +12.27/+1.33%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.