Structure of shareholdings at MHB set to change further

Vietnam's PM has issued a Decision adjusting the chartered capital and structure of the chartered capital of Mekong Delta Housing Development Bank.

It is the smallest of the five state-run commercial banks with a charter capital of MHB is 3.369 trillion dong.

MHB used to be a 100% state-owned bank. After selling 17.8 million shares to the public on July 20, 2011 at the average selling price of 11,025 dong/share, the structure of MHB’s shareholders has changed.

Currently, the State holds 91.26% stake in MHB, or more than 307.48 million shares, while trade union holds 2.68%, or more than 9 million shares; officers and employees holding 0.76% of capital, or more than 2.55 million shares, and external shareholders holding 5.3% of its equity, or more than 17.85 million shares.

The potential sale of shares to the public and selection of strategic partners must comply with prevailing regulations and Decision 611/QD-TTg dated April 25, 2011 of the Prime Minister on approving the equitisation plan of Mekong Delta Housing Development Bank.

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Tags: chartered capital, structure, shareholdings, Vietnamese banks, state-owned banks