Vietnam’s Maritime Bank to raise chartered capital via bonus shares

Maritime Bank-MSB has submitted an application  to the State Securities Commission of Vietnam to be given the authority to to issue 100 million bonus shares at the 7-for-1-ratio.

The bank wanted to use bonus shares to hike its chartered capital to eight trillion dong.

If the share issuance succeeds, the bank’s chartered capital will increase from seven trillion dong to eight trillion dong.

MSB has previously issued 200 million shares priced at par value to the existing shareholders to hike its chartered capital from five trillion dong to seven trillion dong.