Vietnamese company to buy 20 mln shares of LienVietPostBank

Fri, Jun 25, 2021, 07:16:00

Thaiholdings has registered to buy 20 million shares, equivalent to a 1.86 percent stake, of private lender LienVietPostBank on the stock market.

A branch of LienVietPostBank. Photo courtesy of LienVietPostBank.

Thaiholdings has registered to buy 20 million shares, equivalent to a 1.86 percent stake, of private lender LienVietPostBank on the stock market.

The transaction will be done between June 29 and July 28.

With the LPB share trading at around VND30,000 ($1.30), it is estimated the deal will cost Thaiholdings VND600 billion.

The company was founded by Nguyen Duc Thuy, now the vice chairman of LienVietPostBank, and he owns a 20 percent stake in it.

He previously registered to buy 32.5 million LPB shares. The transaction started early June and will end in early July.

VCCI