OCB to increase charter capital and potentially lift FOL 12:01 | 14/06/2021
Accordingly, the bank s charter capital will reach VND13.698 trillion($595.57Â million).
At its recent annual shareholders meeting, OCB was also approved to offer five million shares under the Employee Stock Ownership Plan (ESOP) at the price of VND10,000 (43.5 US cents) per share. These shares are also restricted from being transferred within four years from the issuance date.
The bank also plans to offer 70 million shares to domestic and foreign investors. In case foreign investors show interest in purchasing OCBâs shares issued privately, the bank will lift its the foreign ownership limit (FOL) to a maximum of 30 per cent.
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