Techcombank locks foreign ownership ratio at 22.5 per cent 20:52 | 09/06/2021
The Ho Chi Minh City Stock Exchange (HSX) has just announced that the Hanoi-based commercial bank Techcombank confirmed setting its foreign ownership limit at 22.4908 per cent.
On June 7, Techcombank notified the Vietnam Securities Depository (VSD) and HSX to lock the maximum foreign ownership limit at 22.4908 per cent. This is also the current foreign ownership ratio of the bank.
The Techcombank Board of Directors has issued a resolution on the issuance of shares to employees under the Employee Stock Ownership Plan (ESOP).
Specifically, the lender plans to issue more than six million ESOP shares, 705.367 shares of which are issued to foreign employees and more than 5.3 million shares issued to Vietnamese employees. The ratio of issued shares to total outstanding shares is 0.1714 per cent.
Futu sustains leading position by obtaining BBB credit rating from S&P, becoming first online brokerage in APAC with international rating
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HONG KONG, June 3, 2021 /PRNewswire/ Futu Holdings Limited ( Futu ) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, is pleased to announce that it has obtained a bbb GCP (group credit profile) and a BBB investment grade long-term issuer credit rating from S&P Global Ratings ( S&P ). The outlook on the long-term rating is stable.
S&P expects that Futu will maintain its competitive position in the online brokerage industry and sustain its strong capitalization and adequate risk controls, along with business growth. Futu has thus become the first online brokerage in APAC to earn an international rating and the first Hong-Kong-based broker to obtain a standalone investment grade issuer rating.
Maybe you heard that ESOP (Employee Stock Ownership Plan) is a popular incentive tool used in the US and other major western countries. Did you know this scheme's popularity is on the rise in China?
Zander Insurance Recognized for Continued Growth and Commitment to Excellence
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NASHVILLE, Tenn., May 25, 2021 /PRNewswire/ Nashville-based Zander Insurance, one of the country s largest independent insurance agencies, has received several awards from top insurance companies for their work helping families protect their assets and financial futures during an unprecedented year.
Traveler s Insurance selected Zander Insurance as one of its 2020 Platinum Elite Level Circle of Excellence winners after achieving significant sales and service growth for the year.
Auto-Owners Insurance awarded Zander Insurance with the Sapphire Agency Award, recognizing the company s continued partnership in providing customers with affordable and comprehensive insurance plans.
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