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MobiFone to sell its shares in TPBank

MobiFone to sell its shares in TPBank

MobiFone expects to collect at least VNĐ163.7 billion from its divestment from TPBank. — Photo nhadautu.vn
Viet Nam News

HÀ NỘI — Việt Nam Mobile Telecom Services Corporation (MobiFone) plans to sell its total of more than 5.5 million shares in Tiên Phong Commercial Joint Stock Bank (TPBank).

The minimum bid price will not be lower than VNĐ29,510 (US$1.28) per share. The reference price is the average over 30 trading days on the stock market.

The transaction method is matching order via HCM Stock Exchange.

MobiFone expects to collect at least VNĐ163.7 billion from this divestment.

MobiFone is currently a State shareholder at TPBank, owning 5,549,914 TPBank shares and is expected to transfer all of these shares to ensure compliance with the regulations of the State and add to the firm’s mobile fund serving business and production. — VNS

 

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