Joint Stock Commercial Bank for Foreign Trade of Vietnam announced that it has received VND 6167.65354023 billion in funding from GIC Pte. Ltd., Mizuho Capital Co. Ltd.
On January 9, 2019, Joint Stock Commercial Bank for Foreign Trade of Vietnam (HOSE:VCB) closed the transaction. The company issued 111,108,873 shares at a price of VND 55,510 per share for gross proceeds VND 6,167,653,540,230. The transaction included participation from GIC Pte. Ltd. for 94,442,442 shares and acquired 2.55% stake and existing investor Mizuho Capital Co. Ltd. for 16,666,431 and retained its stake 15% stake in the company. The company paid total expenses of VND 61,164,621,499. Upon closing, the charter capital of the company has increased from 35,977,685,750,000 to 37,088,774,480,000.