More than 2.16 billion ACB shares were approved to be listed on HOSE

ACB shares of Asia Commercial Bank were approved by HOSE to list from November 20, 2020.

More than 2.16 billion ACB shares were approved to be listed on HOSE

A transaction point of ACB. (Photo: Quang Hung)

Today November 20, Ho Chi Minh City Stock Exchange (HOSE) has issued a decision to approve listing shares for Asia Commercial Bank with stock code ACB, the number of listed shares is more than 2.16. billion units.

The listed value at par value is approximately VND 21,616 billion, equal to the current bank’s charter capital.

The listing to HOSE was approved by ACB shareholders at the 2020 Annual General Meeting of Shareholders. At the meeting, General Director Do Minh Toan said that the roadmap for floor change has been 2 steps. The first step is to pay the dividend, the second step is to change the floor. The exchange is expected to be carried out in November-December.

Bank leaders believe that changing the floor can help increase stock prices and bring benefits to shareholders. Moreover, the VN-Index is highly representative of the stock market and is often invested by funds. investment is used as a reference to measure investment efficiency.

Previously, in August, ACB paid 30% stock dividend, increasing its charter capital from 16,627 billion dong to 21,615 billion dong through issuing nearly 500 million shares.

At the end of November 20, ACB’s stock price stopped at 27,300 dong per unit, equivalent to a market capitalization of more than 59,000 billion dong.

Compared to the first day of the year, VIB’s share price has increased by nearly 56%. Compared to the bottom at the end of March, the bank’s share price increased by nearly 100%.

ACB is not the only bank that wants to put shares on HOSE this year. Previously, VIB and LienVietPostBank also listed shares earlier this month.

Like ACB, the stock prices of VIB and LPB both increased strongly before going to HOSE.

More than 2.16 billion ACB shares were approved to be listed on HOSE

ACB stock movements since the beginning of the year until now. (Source: VnDirect)

Source: vietnambiz.vn – Translated by fintel.vn

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